is Maryland state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-insured loan, be sure to get with M.C. Appraisals, Inc. (410) 827-0771, as we are approved and certified to handle FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your house loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is see to it that the loan is paid for in case the borrower doesn't pay their loan.
The FHA and their loan programs are created to aid low-to-moderate income consumers by easing credit qualifications.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can choose the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Purchasers with lesser incomes or less starting money to put down on a loan are helped the most from FHA loan programs.
