is Tennessee state certified and on the FHA Roster of approved residential appraisers.
We are qualified and approved to do reports for FHA secured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Southland Appraisal, LLC is well-trained on how to work in accordance with the rules and regulations provided.
If your loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The lending company provides all the funds being borrowed - the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan.
Applicable to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending organization working with FHA is allowed to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA provides are extremely helpful to buyers with minimal starting capital.
