Mowry Appraisals SW LLCRest assured that Mowry Appraisals SW LLC is an FHA-approved appraisal service in NM. We're qualified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Mowry Appraisals SW LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income buyers help meet credit expectations 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. Purchasers with lower income or less starting funds to put down on a loan are helped the most from FHA loan programs. |