Elite Valuations Inc.Elite Valuations Inc. is MD state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to get with Elite Valuations Inc., as we are approved and qualified to perform FHA appraisal reports. A certain amount of the ongoing training our staff at Elite Valuations Inc. undergoes deals exclusively with decoding 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. If your loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lending organizations that 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 beneficial to consumers with less starting capital. |