Rest assured that Lucinda Wadlow is an FHA-certified appraisal company in Missouri.
If you have an FHA-insured mortgage, be sure to get with Lucinda Wadlow, as we are approved and qualified to produce FHA appraisals.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Lucinda Wadlow is well-trained on how to comply with the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-insured loan, it means it is backed by them.
The FHA does not provide funds to borrowers. Rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations.
The FHA and their loan programs are built to aid low-to-moderate income consumers by easing credit requirements.
Remember that the lending organization approving a loan backed by the FHA is authorized to select which appraisers they work with, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lower incomes or less starting funds to put down on a financial transaction are helped the most from Federal Housing Administration loan programs.
