Need an appraisal for an FHA-backed mortgage? Call MVP Appraisal ServiceThe FHA maintains of approved appraisers for each state - MVP Appraisal Service is on the roster of approved appraisers for PA. If you have an FHA-insured loan, be sure to contact MVP Appraisal Service, as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact MVP Appraisal Service if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization 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 lending agencies with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all purchasers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are excessively useful to buyers with less starting capital. |