is Oregon state certified and on the FHA Roster of approved residential appraisers.
Turner Consulting & Evaluation is certified and approved to do appraisal reports for FHA insured loans.
Part of the ongoing training our staff at Turner Consulting & Evaluation undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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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 loan is an FHA-secured loan, it means it is secured by them.
The FHA does not loan funds to borrowers. Rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her financial obligations.
The FHA and their loan programs are created to benefit low-to-moderate income buyers by easing credit qualifications.
Remember, the FHA is different from the VA appraiser panel in that the lender can select 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 less starting capital.