Need an appraisal for an FHA-backed mortgage? Call Sparks AppraisalsThe FHA publishes a list of approved appraisers for each state - Sparks Appraisals is on the roster of approved appraisers for KY. If you have an FHA-insured loan, be sure to contact Sparks Appraisals, as we are approved and certified to handle FHA appraisal reports. Part of the ongoing training our staff at Sparks Appraisals undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. If your property loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to assist low-to-moderate income purchasers help meet credit requirements 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. FHA loan programs are incredibly useful to those consumers with less accumulated cash. |