Need an appraisal for an FHA-backed mortgage? Call Kane Appraisal & Real Estate Services, Inc.
The FHA keeps the rolls of approved appraisers for each state - Kane Appraisal & Real Estate Services, Inc. is on the roster of approved appraisers for Iowa.
Kane Appraisal & Real Estate Services, Inc. is certified and approved to do reports for FHA secured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Kane Appraisal & Real Estate Services, 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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If your property loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lending company provides all the funds being borrowed - the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lender can choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Buyers with lower incomes or less starting capital to put down on a loan are helped the most from FHA loan programs.
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