Kennedy & Associates can do FHA backed loansWe confidently state that Kennedy & Associates is an FHA-approved appraisal service in VA. We are qualified and approved to do reports for FHA insured financial transactions. A portion of the ongoing training our staff at Kennedy & Associates receives deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Kennedy & Associates if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all buyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly helpful to those consumers with less available cash. |