Karen L. Story is your FHA certified appraisal companyRest assured that Karen L. Story is an FHA-approved appraisal firm in VA. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Karen L. Story if you need an appraisal done for an FHA-secured loan. If your property loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Applicable to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are excessively useful to purchasers with less starting income. |