Gallatin InspectionsThe FHA retains of approved appraisers for each state - Gallatin Inspections is on the roster of approved appraisers for MT. If you have an FHA-insured mortgage, be sure to get with Gallatin Inspections, as we are approved and qualified to handle FHA appraisals. Part of the ongoing training our staff at Gallatin Inspections receives deals exclusively with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is insured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting funds to use as a down-payment on a mortgage benefit the most from FHA loan programs. |