is Maryland state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-mortgage, be sure to hire Lobos Appraisers, as we are approved and qualified to perform FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your home loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her financial obligations.
The FHA and their loan programs are formed to aid low-to-moderate income consumers by easing credit requirements.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can choose the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Buyers with lesser incomes or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs.
