Delmarva Appraisal Services, LLCThe FHA publishes a list of approved appraisers for each state - Delmarva Appraisal Services, LLC is on the roster of approved appraisers for Maryland. This indicates that we are qualified and approved by the FHA to do reports for house loans underwritten by them. Part of the ongoing training our staff at Delmarva Appraisal Services, LLC undergoes deals exclusively 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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending agencies that 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 particularly helpful to those consumers with less available starting capital. |