Need an appraisal for an FHA-backed mortgage? Call Amy Bloom

Rest assured that Amy Bloom is an FHA-certified appraisal firm in VA. This means that we are certified and approved by the FHA to do appraisal reports for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is secured by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those consumers with less accumulated starting capital.