The FHA maintains a roster of approved appraisers for each state - Clark Appraisal Group, Inc is on the roster of approved appraisers for Tennessee.
If you have an FHA-loan, be sure to hire Clark Appraisal Group, Inc , as we are approved and certified to handle FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is underwritten 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 loan is taken care of in case the borrower doesn't pay their loan.
Available to all homebuyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lender can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration offers are lifesavers to purchasers with minimal starting income.
