Ed Cline Appraisals is your FHA certified appraisal companyThe FHA maintains of approved appraisers for each state - Ed Cline Appraisals is on the roster of approved appraisers for PA. If you have an FHA-mortgage, be sure to hire Ed Cline Appraisals, as we are approved and certified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Ed Cline Appraisals is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are exceedingly useful to purchasers with less starting capital. |