Need an appraisal for an FHA-backed mortgage? Call Janice DeloiaJanice Deloia is RI state certified and on the FHA Roster of approved residential appraisers. Janice Deloia is certified and approved to do reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting funds to put down on a mortgage are assisted the most from Federal Housing Administration loan programs. |