Joseph Mier & Associates is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Joseph Mier & Associates is on the roster of approved appraisers for LA. This indicates that we are certified and approved by the FHA to do reports for home loans insured by them. Part of the periodic training our staff at Joseph Mier & Associates undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured 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 loan is an FHA loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements 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 Federal Housing Administration offers are exceedingly helpful to consumers with less starting capital. |