Coastal Appraisals is your FHA certified appraisal companyThe FHA retains of approved appraisers for each state - Coastal Appraisals is on the roster of approved appraisers for MD. We are certified and approved to do reports for FHA insured financial transactions. Part of the regular training our staff at Coastal Appraisals undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The lending organization provides all the money in the loan; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to help low-to-moderate income consumers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting money to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |