Buchman & Buchman, Inc. is your FHA certified appraisal companyWe assure you that Buchman & Buchman, Inc. is an FHA-certified appraisal practice in MD. If you have an FHA-insured mortgage, be sure to hire Buchman & Buchman, Inc., as we are approved and qualified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Buchman & Buchman, Inc. is well-trained on how to comply with the rules and regulations provided. 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 loan is an FHA loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to use as a down-payment on a mortgage are helped the most from FHA loan programs. |