We assure you that Matthew Berry is an FHA-approved appraisal company in Missouri.
This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Matthew Berry is well-trained on how to comply 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).
None of the funds are provided by the FHA. What the FHA does is see to it that the mortgage is secure in case the borrower doesn't pay their loan.
Accessible to all consumers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lender working with FHA has the freedom to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lesser incomes or less starting capital to put down on a loan are assisted the most from Federal Housing Administration loan programs.
