Need an appraisal for an FHA-backed mortgage? Call M A Lewis Appraisals, LLCM A Lewis Appraisals, LLC is ME state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to call M A Lewis Appraisals, LLC, as we are approved and qualified to produce FHA reports. A certain amount of the ongoing training our staff at M A Lewis Appraisals, LLC undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lending organizations that 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 provides are acutely useful to purchasers with less starting income. |