Need an appraisal for an FHA-backed mortgage? Call Pugh Appraisal Services LLCThe FHA publishes a list of approved appraisers for each state - Pugh Appraisal Services LLC is on the roster of approved appraisers for AL. If you have an FHA-loan, be sure to call Pugh Appraisal Services LLC, as we are approved and qualified to handle FHA reports. Part of the periodic training our staff at Pugh Appraisal Services LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is secured by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lending agencies 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. FHA loan programs are particularly beneficial to those consumers with less available cash. |