We are happy to say that The Wilson Company is an FHA-approved appraisal firm in Kansas.
This means that we are qualified and approved by the FHA to do reports for property loans backed by them.
Part of the continuing training our staff at The Wilson Company completes deals precisely with understanding the FHA's documentation and their rules and procedures.
If your home 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 lender provides all the funds being borrowed - the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan.
Accessible to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can select 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.
FHA loan programs are incredibly helpful to those homebuyers with less accumulated funding.
