Rest assured that Premiere Appraisals, LLC is an FHA-approved appraisal company in New Mexico.
This indicates that we are qualified and approved by the FHA to do appraisals for property loans underwritten by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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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 certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The lender provides all the financing - the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are built to aid low-to-moderate income buyers by easing credit requirements.
Unlike the VA appraiser panel, the lending agency working with FHA actually has the freedom to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lower incomes or less starting funds to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs.