![]() Need an appraisal for an FHA-backed mortgage? Call Robert Hower & AssociatesRest assured that Robert Hower & Associates is an FHA-approved appraisal practice in PA. This means that we are certified and approved by the FHA to do reports for property loans underwritten by them. Part of the ongoing training our staff at Robert Hower & Associates undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. If your property loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income purchasers 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. The loan programs that the Federal Housing Administration offers are extremely beneficial to buyers with less starting income. |