Rest assured that Measured Values, LLC. is an FHA-approved appraisal provider in Virginia.
This means that we are certified and approved by the FHA to do appraisals for property loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Measured Values, LLC. is well-trained on how to follow the rules and regulations provided.
If your financial transaction is FHA insured, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD).
The lending company provides all the loaned money - the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are built to benefit low-to-moderate income purchasers by easing credit expectations.
Remember that the lender approving a loan associated with the Federal Housing Administration is able to pick which appraisers they work with, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those purchasers with less accumulated funding.