Need an appraisal for an FHA-backed mortgage? Call Timothy Jones AppraisalsThe FHA keeps a roster of approved appraisers for each state - Timothy Jones Appraisals is on the roster of approved appraisers for TN. If you have an FHA-insured mortgage, be sure to contact Timothy Jones Appraisals, as we are approved and certified to perform FHA appraisal reports. A portion of the regular training our staff at Timothy Jones Appraisals completes deals strictly with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 FHA does not loan capital to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit qualifications if 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 extremely helpful to those homebuyers with less available funding. |