Need an appraisal for an FHA-backed mortgage? Call Lyles Appraisal ServiceThe FHA maintains of approved appraisers for each state - Lyles Appraisal Service is on the roster of approved appraisers for TN. We are qualified and approved to do appraisals for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Lyles Appraisal Service if you need an appraisal done for an FHA-secured loan. If your house loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all consumers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements 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 lesser income or less starting money to put down on a financial transaction are helped the most from FHA loan programs. |