is Tennessee state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do reports for home loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Ballenger Realtors is well-trained on how to follow the rules and regulations provided.
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 loan, it means it is secured by them.
None of the funds are provided by the FHA. What the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan.
Available to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Different from the VA appraiser panel, the lender working with Federal Housing Administration is allowed to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are particularly useful to those consumers with less accessible funding.
