Rest assured that Northeast Valuation Services, LLC (207) 907-2188 is an FHA-approved appraisal service in Maine.
If you have an FHA-secured loan, be sure to get with Northeast Valuation Services, LLC (207) 907-2188, as we are approved and certified to perform FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured by the Federal Housing Administration, a federal agency within 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 secure in case the borrower doesn't pay their loan.
Accessible to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can choose the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA provides are lifesavers to purchasers with less starting capital.