Need an appraisal for an FHA-backed mortgage? Call Edelen Appraisals, LLC

We assure you that Edelen Appraisals, LLC is an FHA-approved appraisal firm in KY. This means that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. A portion of the continuing training our staff at Edelen Appraisals, LLC completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.

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 backed by them. The lending company takes care of all the money in the loan; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. Available to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are incredibly helpful to buyers with less starting capital.