Race Appraisal Services, LLC is your FHA certified appraisal companyRest assured that Race Appraisal Services, LLC is an FHA-certified appraisal practice in MA. This means that we are qualified and approved by the FHA to do reports for property loans backed by them. A certain amount of the periodic training our staff at Race Appraisal Services, LLC undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your property loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are excessively useful to consumers with less starting capital. |