Rest assured that Janice Peterson dba J Starr Appraisals is an FHA-certified appraisal provider in Pennsylvania.
Janice Peterson dba J Starr Appraisals is certified and approved to do reports for FHA secured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Janice Peterson dba J Starr Appraisals is well-trained on how to work in accordance with the rules and regulations provided.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your home loan is FHA approved, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The lending company takes care of all the money in the loan - the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are designed to benefit low-to-moderate income consumers by easing credit requirements.
Remember that the lending organization approving a loan backed by the FHA is authorized to choose which appraisers they will use, different from VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Those with lesser incomes or less starting funds to use as a down-payment on a mortgage are assisted the most from FHA loan programs.