Tradition Appraisal Group is your FHA certified appraisal companyRest assured that Tradition Appraisal Group is an FHA-approved appraisal firm in Connecticut. If you have an FHA-loan, be sure to call Tradition Appraisal Group, as we are approved and certified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Tradition Appraisal Group is well-trained on how to work in accordance with the rules and regulations provided.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your loan is FHA certified, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money - the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to benefit low-to-moderate income purchasers by easing credit requirements. Different from the VA appraiser panel, the lending agency working with FHA has the ability to select 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. Consumers with lesser incomes or less starting capital to put down on a mortgage are helped the most from FHA loan programs.
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