Residential Appraisal Services, LLC can do FHA appraisals

The FHA maintains of approved appraisers for each state - Residential Appraisal Services, LLC is on the roster of approved appraisers for TN. If you have an FHA-mortgage, be sure to get with Residential Appraisal Services, LLC, as we are approved and certified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 lending organization takes care of all the money in the loan; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to aid low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting funds to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs.