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

The FHA maintains of approved appraisers for each state - Bostick Appraisal Service is on the roster of approved appraisers for AL. We are certified and approved to do appraisal reports for FHA insured financial transactions. A portion of the periodic training our staff at Bostick Appraisal Service completes deals strictly with understanding the FHA's documentation and their rules and procedures.

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 FHA does not loan money to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those consumers with less accessible cash.