Need an appraisal for an FHA-backed mortgage? Call Mid-South Appraisal Service

Rest assured that Mid-South Appraisal Service is an FHA-certified appraisal service in AL. This indicates that we are certified and approved by the FHA to do reports for property loans backed by them. Part of the regular training our staff at Mid-South Appraisal Service 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 organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are built to help low-to-moderate income consumers help meet credit requirements if they otherwise would not.

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 FHA offers are incredibly helpful to consumers with less starting income.