A & M Johnson is your FHA certified appraisal companyA & M Johnson is MD state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire A & M Johnson, as we are approved and qualified to handle FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact A & M Johnson if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Accessible to all buyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting money to use as a down-payment on a mortgage benefit the most from FHA loan programs. |