Need an appraisal for an FHA-backed mortgage? Call Homestead AppraisalsThe FHA retains of approved appraisers for each state - Homestead Appraisals is on the roster of approved appraisers for TN. This indicates that we are certified and approved by the FHA to do reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Homestead Appraisals is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Homestead Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. 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 loan is paid for in case the borrower doesn't pay their loan. Available to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. 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 offers are extremely helpful to consumers with less starting capital. |