Need an appraisal for an FHA-backed mortgage? Call Jim PembertonJim Pemberton is TN state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Jim Pemberton is well-trained on how to comply with the rules and regulations provided. Be sure to contact Jim Pemberton if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and qualifications for lending organizations that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lesser income or less starting capital to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |