Need an appraisal for an FHA-backed mortgage? Call Pelman Appraisal Services (251) 895-1787Pelman Appraisal Services (251) 895-1787 is AL state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to aid low-to-moderate income consumers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly helpful to those homebuyers with less accessible funding. |