Need an appraisal for an FHA-backed mortgage? Call Central Maine Appraisals

Rest assured that Central Maine Appraisals is an FHA-approved appraisal company in ME. We're qualified and approved to do reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Central Maine Appraisals is well-trained on how to work in accordance with the rules and regulations provided.

Be sure to contact Central Maine Appraisals if you need an appraisal done for an FHA-secured 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 financial transaction is an FHA loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to benefit low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting funds to put down on a financial transaction are helped the most from Federal Housing Administration loan programs.