Edge Appraisal Services can do FHA appraisalsWe confidently state that Edge Appraisal Services is an FHA-approved appraisal service in TN. We are qualified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an appraisal 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 financial transaction is an FHA loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to aid low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting capital to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs. |