Greg Lane / Property Consultants LLC is available for your FHA workRest assured that Greg Lane / Property Consultants LLC is an FHA-certified appraisal firm in CT. We're certified 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 Greg Lane / Property Consultants LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay 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 aid credit-worthy potential buyers to meet expectations and requirements for lenders 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. The loan programs that the FHA provides are excessively helpful to consumers with less starting income. |