The FHA publishes a roster of approved appraisers for each state - Betty Ann Anderson is on the roster of approved appraisers for Tennessee.
If you have an FHA-mortgage, be sure to call Betty Ann Anderson, as we are approved and certified to produce FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your house loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations.
Available to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization working with the the Federal Housing Administration is allowed to select which appraisers they work with, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are particularly useful to those purchasers with less accumulated funding.
