is New Hampshire state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-insured mortgage, be sure to contact John J Concannon Appraisals, as we are approved and certified to handle FHA reports.
A certain amount of the ongoing training our staff at John J Concannon Appraisals completes deals precisely with decoding the FHA's documentation and their rules and procedures.
If your home loan is FHA approved, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her financial obligations.
The FHA and their loan programs are designed to benefit low-to-moderate income consumers by easing credit requirements.
Remember that the lender approving a loan associated with the Federal Housing Administration is free to choose their appraisers, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Consumers with lesser incomes or less starting capital to use as a down-payment on a loan are helped the most from Federal Housing Administration loan programs.
