Need an appraisal for an FHA-backed mortgage? Call Smart AppraisalsThe FHA maintains of approved appraisers for each state - Smart Appraisals is on the roster of approved appraisers for MS. If you have an FHA-loan, be sure to call Smart Appraisals, as we are approved and certified to perform FHA appraisal reports. A certain amount of the continuing training our staff at Smart Appraisals undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). 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. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements 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. FHA loan programs are extremely helpful to those consumers with less accessible funding. |