Need an appraisal for an FHA-backed mortgage? Call Carrie BateyWe are happy to say that Carrie Batey is an FHA-certified appraisal practice in TN. If you have an FHA-insured mortgage, be sure to contact Carrie Batey, as we are approved and certified to perform FHA reports. A portion of the continuing training our staff at Carrie Batey completes deals exclusively with understanding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income consumers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are excessively useful to buyers with less starting capital. |