Need an appraisal for an FHA-backed mortgage? Call KR Wentz AppraisalsRest assured that KR Wentz Appraisals is an FHA-certified appraisal company in OR. This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them. A portion of the ongoing training our staff at KR Wentz Appraisals completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly useful to those homebuyers with less accessible funding. |