Colonial Appraisal Services is approved for FHA mortgagesThe FHA keeps a roster of approved appraisers for each state - Colonial Appraisal Services is on the roster of approved appraisers for CT. We are certified and approved to do reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are built to help 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. FHA loan programs are extremely useful to those homebuyers with less accessible starting capital. |