Need an appraisal for an FHA-backed mortgage? Call Maingot AppraisalsMaingot Appraisals is TN state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to get with Maingot Appraisals, as we are approved and qualified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Maingot Appraisals if you need an appraisal done for an FHA-secured loan. If your home loan is FHA approved, that means that the loan has been secured 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 money to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and necessities 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 provides are exceedingly beneficial to consumers with less starting income. |