We assure you that Flagship Appraisal is an FHA-approved appraisal provider in Virginia.
If you have an FHA-loan, be sure to get with Flagship Appraisal, as we are approved and certified to handle FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Flagship Appraisal is well-trained on how to comply with the rules and regulations provided.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lending company provides all the financing - the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
Available to all consumers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Unlike the VA appraiser panel, the lender working with FHA actually has the ability to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly helpful to those consumers with less accumulated starting capital.
