Need an appraisal for an FHA-backed mortgage? Call Neville + Mercado AssociatesThe FHA maintains of approved appraisers for each state - Neville + Mercado Associates is on the roster of approved appraisers for OR. If you have an FHA-secured loan, be sure to hire Neville + Mercado Associates, as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. 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 backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are created to help low-to-moderate income buyers 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. Those with lower income or less starting money to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |