Wise Appraisal Services, Inc.The FHA keeps a roster of approved appraisers for each state - Wise Appraisal Services, Inc. is on the roster of approved appraisers for MD. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. Part of the regular training our staff at Wise Appraisal Services, Inc. undergoes deals strictly with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are built to help low-to-moderate income purchasers help meet credit requirements if they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are excessively helpful to purchasers with less starting capital. |