Need an appraisal for an FHA-backed mortgage? Call Jeff Stephens

Jeff Stephens is TN state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply secures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lending agencies that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those buyers with less accessible cash.