Straight Line Appraisal, Inc. is ready for your FHA mortgages

The FHA keeps a roster of approved appraisers for each state - Straight Line Appraisal, Inc. is on the roster of approved appraisers for ME. If you have an FHA-secured mortgage, be sure to hire Straight Line Appraisal, Inc., as we are approved and qualified to produce FHA appraisals. A certain amount of the periodic training our staff at Straight Line Appraisal, Inc. receives deals precisely with decoding the FHA's documentation and their rules and procedures.

If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

If your home loan is FHA certified, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies 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-backed financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lenders 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. The loan programs that the FHA offers are exceedingly helpful to consumers with less starting capital.