Need an appraisal for an FHA-backed mortgage? Call Harris Young Appraisals

Harris Young Appraisals is KY state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to get with Harris Young Appraisals, as we are approved and certified to perform FHA reports. A portion of the regular training our staff at Harris Young Appraisals receives deals precisely with understanding the FHA's documentation and their rules and procedures.

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 loan, it means it is secured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements 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. The loan programs that the Federal Housing Administration offers are excessively beneficial to purchasers with less starting income.