Sally Frasher is available for your FHA appraisalsRest assured that Sally Frasher is an FHA-approved appraisal practice in MD. If you have an FHA-secured mortgage, be sure to contact Sally Frasher, as we are approved and qualified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Sally Frasher if you need an appraisal done for an FHA-secured loan. 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 loan is an FHA-secured loan, it means it is underwritten by them. The lending organization provides all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit qualifications if 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. Purchasers with lesser income or less starting money to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |