Williams AppraisalsThe FHA publishes a list of approved appraisers for each state - Williams Appraisals is on the roster of approved appraisers for WY. If you have an FHA-mortgage, be sure to call Williams Appraisals, as we are approved and certified to produce FHA reports. A portion of the periodic training our staff at Williams Appraisals undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact Williams Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are incredibly helpful to purchasers with less starting income. |