Towne Lake Appraisal, Inc. is your FHA certified appraisal companyTowne Lake Appraisal, Inc. is GA state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisal reports for FHA secured financial transactions. Part of the ongoing training our staff at Towne Lake Appraisal, Inc. receives deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Towne Lake Appraisal, Inc. 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 underwritten by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are created to aid low-to-moderate income consumers help meet credit expectations 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. FHA loan programs are extremely helpful to those purchasers with less available funding. |