Gilliland & Associates is your FHA certified appraisal companyWe confidently state that Gilliland & Associates is an FHA-certified appraisal company in TN. This indicates that we are certified and approved by the FHA to do reports for property loans insured by them. A portion of the continuing training our staff at Gilliland & Associates undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Gilliland & Associates if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lenders that 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 provides are acutely beneficial to consumers with less starting capital. |