Scott Begab is your FHA certified appraisal companyRest assured that Scott Begab is an FHA-approved appraisal service in VA. We're certified and approved to do appraisal reports for FHA secured loans. A certain amount of the periodic training our staff at Scott Begab undergoes deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact Scott Begab if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is underwritten by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting money to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs. |