Kim Hudak is your FHA certified appraisal companyRest assured that Kim Hudak is an FHA-approved appraisal service in VA. If you have an FHA-insured loan, be sure to call Kim Hudak, as we are approved and qualified to produce FHA appraisals. A portion of the regular training our staff at Kim Hudak undergoes deals precisely with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your home loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to aid low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting money to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |