Need an appraisal for an FHA-backed mortgage? Call Nemo Appraisal ServiceThe FHA retains of approved appraisers for each state - Nemo Appraisal Service is on the roster of approved appraisers for MO. If you have an FHA-insured mortgage, be sure to get with Nemo Appraisal Service, as we are approved and certified to handle FHA appraisals. Part of the continuing training our staff at Nemo Appraisal Service completes deals exclusively with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid 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. FHA loan programs are extremely helpful to those purchasers with less available cash. |