Need an appraisal for an FHA-backed mortgage? Call Glenn McDonald
The FHA publishes a list of approved appraisers for each state - Glenn McDonald is on the roster of approved appraisers for TN. If you have an FHA-mortgage, be sure to get with Glenn McDonald, as we are approved and certified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Glenn McDonald if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income purchasers help meet credit requirements if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting money to use as a down-payment on a financial transaction are helped the most from FHA loan programs.
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