Arnold Appraisal Service is approved for FHA appraisals
The FHA retains of approved appraisers for each state - Arnold Appraisal Service is on the roster of approved appraisers for VT. If you have an FHA-insured mortgage, be sure to get with Arnold Appraisal Service, as we are approved and certified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her financial obligations. Applicable to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those purchasers with less accessible cash.