EAC Real Estate Ventures & Appraisals
The FHA publishes a list of approved appraisers for each state - EAC Real Estate Ventures & Appraisals is on the roster of approved appraisers for MA. This means that we are qualified and approved by the FHA to do appraisal reports for home loans underwritten by them. Part of the periodic training our staff at EAC Real Estate Ventures & Appraisals completes deals precisely with decoding the FHA's documentation and their rules and procedures.
Be sure to contact EAC Real Estate Ventures & Appraisals if you need an appraisal done for an FHA-secured loan.
If your home loan is FHA insured, that means that the loan has been guaranteed 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 loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Accessible to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those homebuyers with less accessible cash.