Payne And AssociatesPayne And Associates is NM state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Payne And Associates, as we are approved and certified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Payne And Associates is well-trained on how to comply with the rules and regulations provided. 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. If your property loan is FHA certified, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lender takes care of all the loaned money; the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to benefit low-to-moderate income buyers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are excessively helpful to purchasers with less starting capital. |