Need an appraisal for an FHA-backed mortgage? Call Cardinal Appraisal Services LLCThe FHA retains of approved appraisers for each state - Cardinal Appraisal Services LLC is on the roster of approved appraisers for KY. If you have an FHA-loan, be sure to call Cardinal Appraisal Services LLC, as we are approved and certified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Cardinal Appraisal Services LLC is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Cardinal Appraisal Services LLC if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is backed by them. None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting money to use as a down-payment on a loan are helped the most from FHA loan programs. |