Preferred Property Appraisers is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - Preferred Property Appraisers is on the roster of approved appraisers for PA. Preferred Property Appraisers is qualified and approved to do reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Preferred Property Appraisers if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are acutely useful to consumers with less starting capital. |