The FHA retains a list of approved appraisers for each state - Bruce Feldman is on the roster of approved appraisers for Nevada.
This means that we are certified and approved by the FHA to do appraisal reports for property loans backed by them.
A certain amount of the continuing training our staff at Bruce Feldman completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
If your financial transaction is FHA insured, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with security by offering mortgage insurance in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending agency can select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lower incomes or less starting capital to put down on a loan are assisted the most from Federal Housing Administration loan programs.
