is Maryland state certified and on the FHA Roster of approved residential appraisers.
We are qualified and approved to do appraisals for FHA secured loans.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at ADB Properties, Inc. is well-trained on how to follow the rules and regulations provided.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-secured loan, it means it is underwritten by them.
The FHA does not loan money to borrowers. Rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her financial obligations.
Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to assist credit-worthy buyers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lending agency working with Federal Housing Administration has the ability to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are extremely helpful to consumers with less starting capital.