Brunstetter Appraisal is your FHA certified appraisal companyRest assured that Brunstetter Appraisal is an FHA-approved appraisal practice in KY. If you have an FHA-secured mortgage, be sure to hire Brunstetter Appraisal, as we are approved and qualified to handle FHA appraisal reports. Part of the periodic training our staff at Brunstetter Appraisal receives deals strictly with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lending agencies that 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. Those with lower income or less starting funds to put down on a financial transaction are helped the most from Federal Housing Administration loan programs. |