Dammaschke AppraisalsRest assured that Dammaschke Appraisals is an FHA-certified appraisal service in UT. We are certified and approved to do appraisals for FHA insured financial transactions. Part of the periodic training our staff at Dammaschke Appraisals undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact Dammaschke Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created 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 offers are exceedingly helpful to purchasers with less starting capital. |