M&M Appraisals LLC is ready for your FHA backed loansM&M Appraisals LLC is MA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to call M&M Appraisals LLC, as we are approved and qualified to produce FHA appraisal reports. Part of the continuing training our staff at M&M Appraisals LLC completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact M&M Appraisals LLC if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is secured by them. The lender provides all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those consumers with less accessible cash. |