Need an appraisal for an FHA-backed mortgage? Call Lewis AppraisalsThe FHA maintains of approved appraisers for each state - Lewis Appraisals is on the roster of approved appraisers for KY. If you have an FHA-secured loan, be sure to get with Lewis Appraisals, as we are approved and qualified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Lewis Appraisals is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Lewis Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization 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 lender takes care of all the loaned money; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting funds to use as a down-payment on a mortgage benefit the most from FHA loan programs. |