Need an appraisal for an FHA-backed mortgage? Call Lee Pruett Appraisal SvcWe are happy to say that Lee Pruett Appraisal Svc is an FHA-certified appraisal firm in MS. If you have an FHA-loan, be sure to get with Lee Pruett Appraisal Svc, as we are approved and qualified to handle FHA appraisals. A portion of the ongoing training our staff at Lee Pruett Appraisal Svc completes deals strictly with decoding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lending organizations that 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. FHA loan programs are particularly helpful to those homebuyers with less accessible cash. |