Need an appraisal for an FHA-backed mortgage? Call Wendy JohnstonThe FHA retains of approved appraisers for each state - Wendy Johnston is on the roster of approved appraisers for PA. This means that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Wendy Johnston is well-trained on how to comply with the rules and regulations provided. Be sure to contact Wendy Johnston if you need an appraisal done for an FHA-secured loan. If your financial transaction is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lenders that 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 offers are incredibly beneficial to consumers with less starting income. |