Need an appraisal for an FHA-backed mortgage? Call Brandon StellingThe FHA keeps a roster of approved appraisers for each state - Brandon Stelling is on the roster of approved appraisers for SD. This indicates that we are qualified and approved by the FHA to do reports for property loans backed by them. A certain amount of the regular training our staff at Brandon Stelling completes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Brandon Stelling if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are built to assist 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 FHA offers are incredibly useful to buyers with less starting income. |