Need an appraisal for an FHA-backed mortgage? Call Delmarva Appraisal Services, LLCThe FHA retains of approved appraisers for each state - Delmarva Appraisal Services, LLC is on the roster of approved appraisers for Maryland. If you have an FHA-mortgage, be sure to contact Delmarva Appraisal Services, LLC, as we are approved and qualified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 financial transaction is an FHA-insured loan, it means it is underwritten by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly beneficial to those buyers with less available cash. |