Need an appraisal for an FHA-backed mortgage? Call Enslen Appraisal Services, LLCEnslen Appraisal Services, LLC is Alabama state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to hire Enslen Appraisal Services, LLC, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Enslen Appraisal Services, LLC is well-trained on how to follow the rules and regulations provided.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers. Rather, it provides lending organizations with protection with mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all buyers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember that the lender approving a loan backed by the Federal Housing Administration is free to choose their appraisers, unlike the VA appraisal panel. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those buyers with less accessible funding. |
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