Need an appraisal for an FHA-backed mortgage? Call The Castlerock Real Estate CompanyThe FHA publishes a list of approved appraisers for each state - The Castlerock Real Estate Company is on the roster of approved appraisers for KY. This means that we are certified and approved by the FHA to do reports for house loans backed by them. A portion of the continuing training our staff at The Castlerock Real Estate Company receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact The Castlerock Real Estate Company 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 secure in case the borrower doesn't pay their loan. Available to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting capital to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs. |