![]() West KY Appraisals is your FHA certified appraisal companyWest KY Appraisals is KY state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisals for home loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact West KY Appraisals 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 financial transaction is an FHA-insured loan, it means it is underwritten by them. The lender takes care of all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to assist low-to-moderate income purchasers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are acutely helpful to buyers with less starting income. |