Need an appraisal for an FHA-backed mortgage? Call Renfro Appraisal ServiceWe are happy to say that Renfro Appraisal Service is an FHA-certified appraisal provider in KY. If you have an FHA-insured loan, be sure to get with Renfro Appraisal Service, as we are approved and qualified to produce FHA appraisals. Part of the ongoing training our staff at Renfro Appraisal Service receives 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. If your property loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements 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 beneficial to buyers with less starting capital. |