is Alabama state certified and on the FHA Roster of approved residential appraisers.
This means that we are certified and approved by the FHA to do appraisals for house loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Moore Appraisal Company is well-trained on how to comply with the rules and regulations provided.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within 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 make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations.
Available to all buyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can pick the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Those with lesser incomes or less starting money to put down on a mortgage benefit the most from FHA loan programs.
