Need an appraisal for an FHA-backed mortgage? Call Linda TorreyWe are happy to say that Linda Torrey is an FHA-certified appraisal firm in VT. If you have an FHA-loan, be sure to hire Linda Torrey, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Linda Torrey is well-trained on how to comply with the rules and regulations provided. Be sure to contact Linda Torrey if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA loan, it means it is secured by them. The lending company takes care of all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 offers are excessively beneficial to consumers with less starting capital. |