Need an appraisal for an FHA-backed mortgage? Call Blue Ridge Appraisals

Rest assured that Blue Ridge Appraisals is an FHA-certified appraisal practice in VA. This indicates that we are qualified and approved by the FHA to do appraisals for home loans insured by them. A certain amount of the periodic training our staff at Blue Ridge Appraisals undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.

An FHA loan is insured 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 provide funds to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely useful to those purchasers with less accumulated funding.