Need an appraisal for an FHA-backed mortgage? Call TAMMY WOODMANThe FHA keeps a roster of approved appraisers for each state - TAMMY WOODMAN is on the roster of approved appraisers for OREGON. This means that I am certified and approved by the FHA to do appraisal reports for house loans insured by them. I'm trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact TAMMY WOODMAN if you need an appraisal done for an FHA-secured loan. If your loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income home buyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower income or less starting money to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs. |