Appraising New Mexico is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - Appraising New Mexico is on the roster of approved appraisers for NM. If you have an FHA-mortgage, be sure to hire Appraising New Mexico, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Appraising New Mexico is well-trained on how to work in accordance with the rules and regulations provided. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. If your house loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to help low-to-moderate income consumers help meet credit expectations if 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 FHA offers are acutely beneficial to purchasers with less starting income. |