Need an appraisal for an FHA-backed mortgage? Call Performance AppraisalsThe FHA maintains of approved appraisers for each state - Performance Appraisals is on the roster of approved appraisers for MO. This indicates that we are qualified and approved by the FHA to do appraisals for home loans insured by them. A certain amount of the periodic training our staff at Performance Appraisals undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. If you need an appraisal 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-insured loan, it means it is backed by them. The lending company takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to assist low-to-moderate income consumers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely useful to those homebuyers with less available starting capital. |