Need an appraisal for an FHA-backed mortgage? Call PRES LLCPRES LLC is MO state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to get with PRES LLC , as we are approved and qualified to handle FHA reports. A portion of the regular training our staff at PRES LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact PRES LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are exceedingly useful to buyers with less starting capital. |