Need an appraisal for an FHA-backed mortgage? Call Aridian Appraisal Group, LLCWe are happy to say that Aridian Appraisal Group, LLC is an FHA-approved appraisal practice in New Mexico. This indicates that we are qualified and approved by the FHA to do appraisals for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Aridian Appraisal Group, LLC is well-trained on how to follow the rules and regulations provided. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting money to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs. |