The FHA maintains a list of approved appraisers for each state - KLF Residential Appraisals is on the roster of approved appraisers for Maryland.
This means that we are certified and approved by the FHA to do appraisals for property loans backed by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
||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.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-secured loan, it means it is backed by them.
None of the money in the loan is provided by the FHA. What the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations.
Available to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending agency working with FHA is allowed to select 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.
FHA loan programs are particularly beneficial to those purchasers with less available starting capital.