Rest assured that Schmid, Jobson & Company, LLC is an FHA-approved appraisal provider in Georgia.
This indicates that we are qualified and approved by the FHA to do appraisals for house loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your home loan is FHA insured, that means that it has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her loan obligations.
Available to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lender working with Federal Housing Administration is allowed to choose the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are particularly beneficial to those consumers with less accumulated starting capital.
