MacDonnell Appraisals is your FHA certified appraisal companyRest assured that MacDonnell Appraisals is an FHA-approved appraisal company in MO. This indicates that we are certified and approved by the FHA to do reports for house loans underwritten by them. A portion of the ongoing training our staff at MacDonnell Appraisals receives deals strictly with decoding the FHA's documentation and their rules and procedures. If you're in need of 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is secured by them. The lender takes care of all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all consumers, FHA loan programs are formed 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. FHA loan programs are extremely helpful to those buyers with less available funding. |