Need an appraisal for an FHA-backed mortgage? Call Connell AppraisalsConnell Appraisals is IA state certified and on the FHA Roster of approved residential appraisers. Connell Appraisals is qualified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Connell Appraisals is well-trained on how to comply with the rules and regulations provided. Be sure to contact Connell Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. Accessible to all consumers, FHA loan programs are made to aid 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. Consumers with lesser income or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |