SouthEastern Appraisal Services, LLCSouthEastern Appraisal Services, LLC is AL state certified and on the FHA Roster of approved residential appraisers. SouthEastern Appraisal Services, LLC is qualified and approved to do reports for FHA secured financial transactions. Part of the regular training our staff at SouthEastern Appraisal Services, LLC receives deals precisely with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Applicable to all homebuyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting funds to put down on a mortgage are helped the most from FHA loan programs. |