The FHA maintains a roster of approved appraisers for each state - Barton Appraisal Services at C.P Realty is on the roster of approved appraisers for Pennsylvania.
This indicates that we are certified and approved by the FHA to do appraisals for house loans underwritten by them.
A portion of the regular training our staff at Barton Appraisal Services at C.P Realty receives deals precisely with decoding the FHA's documentation and their rules and procedures.
If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are formed to help low-to-moderate income purchasers by easing credit expectations.
Unlike the VA appraiser panel, the lending organization working with FHA is allowed to choose the appraiser.
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 lower incomes or less starting funds to put down on a loan are assisted the most from Federal Housing Administration loan programs.
