Jamie Moore is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Jamie Moore is on the roster of approved appraisers for RI. We're qualified and approved to do appraisal reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Jamie Moore if you need an appraisal done for an FHA-secured loan. If your property loan is FHA insured, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to aid 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. Those with lower income or less starting funds to use as a down-payment on a financial transaction are helped the most from FHA loan programs. |