The FHA publishes the rolls of approved appraisers for each state - Garrison Appraisals, Inc. is on the roster of approved appraisers for Alabama.
If you have an FHA-insured loan, be sure to call Garrison Appraisals, Inc., as we are approved and certified to perform FHA appraisal reports.
A portion of the continuing training our staff at Garrison Appraisals, Inc. receives deals strictly with understanding the FHA's documentation and their rules and procedures.
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 backed by them.
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan.
Available to all homebuyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lender can pick the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration offers are extremely helpful to consumers with minimal starting capital.
