Beacon Appraisal Consultants, Inc. can do FHA mortgagesBeacon Appraisal Consultants, Inc. is MA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to contact Beacon Appraisal Consultants, Inc., as we are approved and qualified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is insured by them. The lending company provides all the finances; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income purchasers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are acutely helpful to purchasers with less starting capital. |