Need an appraisal for an FHA-backed mortgage? Call Lake Country Appraisal

Rest assured that Lake Country Appraisal is an FHA-certified appraisal service in TN. This means that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them. A certain amount of the continuing training our staff at Lake Country Appraisal completes deals strictly with comprehending the FHA's documentation and their rules and procedures.

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. The FHA does not provide funds to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to benefit 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. FHA loan programs are incredibly helpful to those buyers with less accessible cash.