Matt LuxThe FHA retains of approved appraisers for each state - Matt Lux is on the roster of approved appraisers for IA. This indicates that we are certified and approved by the FHA to do reports for house loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Matt Lux is well-trained on how to follow the rules and regulations provided. Be sure to contact Matt Lux if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, 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 lender provides all the loaned money; the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit requirements if 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. FHA loan programs are particularly beneficial to those purchasers with less available cash. |