Wheeler Realty can do FHA workThe FHA retains of approved appraisers for each state - Wheeler Realty is on the roster of approved appraisers for MS. This means that we are qualified and approved by the FHA to do appraisals for home loans underwritten by them. A portion of the periodic training our staff at Wheeler Realty receives deals exclusively with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 financial transaction is an FHA loan, it means it is backed by them. The lender takes care of all the finances; the FHA simply insures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to assist low-to-moderate income consumers help meet credit expectations if 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. FHA loan programs are extremely beneficial to those homebuyers with less available funding. |