Southland Valuation, LLC is your FHA certified appraisal companySouthland Valuation, LLC is MS state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Southland Valuation, LLC is well-trained on how to work in accordance with 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 underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those purchasers with less available funding. |