Tierney AppraisalsRest assured that Tierney Appraisals is an FHA-approved appraisal practice in MA. If you have an FHA-insured mortgage, be sure to call Tierney Appraisals, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Tierney Appraisals is well-trained on how to follow the rules and regulations provided. Be sure to contact Tierney Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to aid low-to-moderate income consumers help meet credit expectations if 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 extremely useful to those buyers with less accumulated funding. |