Brett Burton Appraisals is approved for FHA mortgagesWe confidently state that Brett Burton Appraisals is an FHA-approved appraisal practice in ID. This indicates that we are certified and approved by the FHA to do appraisals for home loans insured by them. A certain amount of the ongoing training our staff at Brett Burton Appraisals completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Brett Burton Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within 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 mortgage is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to assist low-to-moderate income purchasers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting money to use as a down-payment on a mortgage benefit the most from FHA loan programs. |