is Montana state certified and on the FHA Roster of approved residential appraisers.
This means that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Mercury Valuation, LLC. is well-trained on how to follow the rules and regulations provided.
An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is see to it that the mortgage is taken care of in case the borrower doesn't pay their loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to aid credit-worthy consumers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lending agency working with Federal Housing Administration actually has the freedom to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are particularly useful to those purchasers with less available starting capital.
