KL Appraisal Services, Inc. is ready for your FHA mortgagesRest assured that KL Appraisal Services, Inc. is an FHA-approved appraisal firm in NV. This indicates that we are qualified and approved by the FHA to do appraisals for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact KL Appraisal Services, Inc. if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are created to help low-to-moderate income purchasers help meet credit expectations if 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. Buyers with lesser income or less starting funds to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |