Need an appraisal for an FHA-backed mortgage? Call Kimberly A. RussellThe FHA maintains of approved appraisers for each state - Kimberly A. Russell is on the roster of approved appraisers for TN. If you have an FHA-secured mortgage, be sure to hire Kimberly A. Russell, as we are approved and qualified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. 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 loan is an FHA loan, it means it is backed by them. The FHA does not loan capital to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely useful to those homebuyers with less accumulated starting capital. |