![]() Appraisal Group of Central VirginiaAppraisal Group of Central Virginia is VA state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA insured loans. A certain amount of the continuing training our staff at Appraisal Group of Central Virginia undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact Appraisal Group of Central Virginia if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those buyers with less accumulated cash. |