is Georgia state certified and on the FHA Roster of approved residential appraisers.
Orchard Hill Appraisal is certified and approved to do reports for FHA insured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-insured loan, it means it is insured by them.
The FHA does not loan capital to borrowers. Rather, it provides lending organizations with protection through mortgage insurance in case the borrower does not pay his or her financial obligations.
The FHA and their loan programs are designed to assist low-to-moderate income homebuyers by easing credit qualifications.
Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration actually has the freedom to select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Consumers with lesser incomes or less starting funds to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.
