Need an appraisal for an FHA-backed mortgage? Call Robert B. LynchThe FHA retains of approved appraisers for each state - Robert B. Lynch is on the roster of approved appraisers for ME. This indicates that we are certified and approved by the FHA to do appraisal reports for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Robert B. Lynch is well-trained on how to follow the rules and regulations provided. Be sure to contact Robert B. Lynch if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting funds to use as a down-payment on a loan are helped the most from Federal Housing Administration loan programs. |