George SacrentyWe confidently state that George Sacrenty is an FHA-approved appraisal service in DE. This indicates that we are qualified and approved by the FHA to do appraisals for house loans backed by them. Part of the regular training our staff at George Sacrenty undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact George Sacrenty if you need an appraisal done for an FHA-secured loan. 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-secured loan, it means it is insured by them. The FHA does not loan capital to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to aid low-to-moderate income buyers 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 provides are exceedingly helpful to consumers with less starting income. |