Need an appraisal for an FHA-backed mortgage? Call Davis Appraisal Service

Davis Appraisal Service is TN state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to get with Davis Appraisal Service, as we are approved and certified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Davis Appraisal Service is well-trained on how to follow the rules and regulations provided.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not.

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 capital to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.