Rivers Appraisals is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Rivers Appraisals is on the roster of approved appraisers for KY. If you have an FHA-secured mortgage, be sure to hire Rivers Appraisals, as we are approved and qualified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Rivers Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to benefit low-to-moderate income purchasers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those purchasers with less available funding. |