Need an appraisal for an FHA-backed mortgage? Call Riopel AppraisalsThe FHA retains of approved appraisers for each state - Riopel Appraisals is on the roster of approved appraisers for KS. If you have an FHA-secured mortgage, be sure to get with Riopel Appraisals, as we are approved and qualified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Riopel Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lending agencies 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 offers are acutely helpful to buyers with less starting capital. |