Rest assured that Tri-State Appraisals is an FHA-certified appraisal provider in West Virginia.
If you have an FHA-secured loan, be sure to get with Tri-State Appraisals, as we are approved and qualified to perform FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your home loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations.
Accessible to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Different from the VA appraiser panel, the lending organization working with FHA actually has the ability to pick the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are incredibly helpful to those buyers with less accumulated starting capital.
