Martins Appraisals is your FHA certified appraisal companyThe FHA maintains of approved appraisers for each state - Martins Appraisals is on the roster of approved appraisers for MD. This means that we are qualified and approved by the FHA to do reports for property loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all buyers, FHA loan programs are built to aid 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. Those 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. |