Need an appraisal for an FHA-backed mortgage? Call Gordon Appraisal CompanyGordon Appraisal Company is RI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to get with Gordon Appraisal Company, as we are approved and certified to produce FHA reports. A portion of the continuing training our staff at Gordon Appraisal Company completes deals strictly with decoding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. 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 loan, it means it is secured by them. The lending company provides all the finances; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to assist low-to-moderate income buyers help meet credit requirements if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lower income or less starting funds to put down on a loan are helped the most from FHA loan programs. |