Need an appraisal for an FHA-backed mortgage? Call Melissa DowdyThe FHA keeps a roster of approved appraisers for each state - Melissa Dowdy is on the roster of approved appraisers for AZ. Melissa Dowdy is certified and approved to do appraisal reports for FHA secured loans. A portion of the continuing training our staff at Melissa Dowdy receives deals exclusively with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 insured by them. The lending organization takes care of all the loaned money; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to help low-to-moderate income consumers help meet credit requirements if 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 Federal Housing Administration provides are excessively useful to buyers with less starting capital. |