is PA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Robert Ensminger Appraisers & Ensminger Auctioneers is well-trained on how to comply with the rules and regulations provided.
If your property loan is FHA certified, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are formed to benefit low-to-moderate income buyers help meet credit requirements if they otherwise would not. Remember, the FHA deviates from the VA appraiser panel in that the lending agency can select the appraisal corporation.
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 extremely helpful to those homebuyers with less available starting capital.
