Need an appraisal for an FHA-backed mortgage? Call LAP Appraisals LLCLAP Appraisals LLC is NH state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact LAP Appraisals LLC if you need an appraisal done for an FHA-secured loan. If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to help low-to-moderate income consumers help meet credit requirements 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. Buyers with lesser income or less starting funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs. |