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We're FHA Approved Cynthia Dwyer Appraisal Service is on the FHA Roster of approved residential appraisers. We're qualified and approved to complete appraisals for FHA-insured loans, and understand the rules and procedures in FHA's guidance and policy documents. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on their loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraiser. FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Please contact Cynthia Dwyer Appraisal Service today to assist you with your FHA loans. |