Bridges Valuation Services can do FHA workBridges Valuation Services is VA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Bridges Valuation Services 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 loan is an FHA loan, it means it is insured by them. The lender provides all the finances; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to benefit low-to-moderate income buyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those purchasers with less accumulated cash. |