Need an appraisal for an FHA-backed mortgage? Call O'Neil AppraisalsThe FHA maintains of approved appraisers for each state - O'Neil Appraisals is on the roster of approved appraisers for MA. If you have an FHA-loan, be sure to get with O'Neil Appraisals, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at O'Neil Appraisals is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is secured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly useful to those consumers with less available cash. |