Need an appraisal for an FHA-backed mortgage? Call Cathy Bauer Appraisals, LLCCathy Bauer Appraisals, LLC is NH & ME state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Cathy Bauer Appraisals, LLC is well-trained on how to follow the rules and regulations provided. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your property loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all buyers, FHA loan programs are designed 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. Consumers with lesser income or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |