Need an appraisal for an FHA-backed mortgage? Call Allatoona Appraisal

Rest assured that Allatoona Appraisal is an FHA-approved appraisal service in GA. We're qualified and approved to do appraisals for FHA insured loans. A certain amount of the regular training our staff at Allatoona Appraisal completes deals precisely with understanding the FHA's documentation and their rules and procedures.

If your loan is FHA approved, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting funds to use as a down-payment on a loan are helped the most from Federal Housing Administration loan programs.