Need an appraisal for an FHA-backed mortgage? Call Hometown Appraisals & Realty

Hometown Appraisals & Realty is WV state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisals for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Hometown Appraisals & Realty is well-trained on how to follow the rules and regulations provided.

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 loan is an FHA loan, it means it is underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit qualifications if 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 homebuyers with less accumulated funding.