Five Star Appraisals, LLC is approved for FHA backed loansRest assured that Five Star Appraisals, LLC is an FHA-approved appraisal provider in KS. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Five Star Appraisals, LLC is well-trained on how to comply with the rules and regulations provided. Be sure to contact Five Star Appraisals, LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. Applicable to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are incredibly helpful to buyers with less starting capital. |