Barrett & Company can do FHA mortgagesBarrett & Company is NM state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to hire Barrett & Company, as we are approved and certified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Barrett & Company is well-trained on how to comply with the rules and regulations provided. Be sure to contact Barrett & Company if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. 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 taken care of in case the borrower doesn't pay their loan. Available to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lower income or less starting funds to put down on a financial transaction are assisted the most from FHA loan programs. |