RS Appraisal Services, LLCRS Appraisal Services, LLC is LA state certified and on the FHA Roster of approved residential appraisers. RS Appraisal Services, LLC is qualified and approved to do appraisal reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at RS Appraisal Services, LLC is well-trained on how to comply with the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting capital to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |