James McKenzie is available for your FHA backed loansJames McKenzie is OR state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call James McKenzie, as we are approved and qualified to perform FHA appraisal reports. A certain amount of the ongoing training our staff at James McKenzie receives deals strictly with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities 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 Federal Housing Administration provides are exceedingly helpful to consumers with less starting capital. |