LendPort Appraisals, Inc. can do FHA backed loansLendPort Appraisals, Inc. is Maryland state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to contact LendPort Appraisals, Inc., as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at LendPort Appraisals, Inc. is well-trained on how to follow the rules and regulations provided.
If your loan is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA. What the FHA does is make sure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to assist credit-worthy consumers get approved for mortgages that they otherwise would not. Remember, the FHA is different from the VA appraiser panel in that the lending agency can pick the appraiser. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those buyers with less accessible cash.
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