Cory Murphy is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - Cory Murphy is on the roster of approved appraisers for VA. We're qualified and approved to do appraisals for FHA secured loans. Part of the periodic training our staff at Cory Murphy completes deals strictly with comprehending the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Applicable to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 money to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs. |