John CampbellThe FHA retains of approved appraisers for each state - John Campbell is on the roster of approved appraisers for NM. We are certified and approved to do appraisal reports for FHA secured loans. A portion of the ongoing training our staff at John Campbell undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. 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 agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are exceedingly helpful to buyers with less starting capital. |