Need an appraisal for an FHA-backed mortgage? Call Salt Coast Valuation

Salt Coast Valuation is NH state certified and on the FHA Roster of approved residential appraisers. Salt Coast Valuation is qualified and approved to do appraisal reports for FHA secured financial transactions. A portion of the continuing training our staff at Salt Coast Valuation completes deals strictly with understanding the FHA's documentation and their rules and procedures.

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 loan is an FHA-insured loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting money to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.