Burns Appraisal LLC. is approved for FHA appraisalsThe FHA publishes a list of approved appraisers for each state - Burns Appraisal LLC. is on the roster of approved appraisers for CT. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans insured by them. A certain amount of the continuing training our staff at Burns Appraisal LLC. undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to assist low-to-moderate income buyers 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 helpful to those purchasers with less available funding. |