Green Mountain Valuations is available for your FHA mortgagesGreen Mountain Valuations is VT state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire Green Mountain Valuations, as we are approved and qualified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Green Mountain Valuations is well-trained on how to comply with the rules and regulations provided. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the finances; the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lending organizations that 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. Consumers with lesser income or less starting funds to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs. |