Need an appraisal for an FHA-backed mortgage? Call James Bailey & AssociatesJames Bailey & Associates is NV state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to hire James Bailey & Associates, as we are approved and qualified to produce FHA reports. A portion of the regular training our staff at James Bailey & Associates undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Be sure to contact James Bailey & Associates if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those homebuyers with less accessible cash. |