Need an appraisal for an FHA-backed mortgage? Call Randolph Appraisals, Inc.

Randolph Appraisals, Inc. is AL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to call Randolph Appraisals, Inc., as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Randolph Appraisals, Inc. is well-trained on how to comply with the rules and regulations provided.

If your financial transaction is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting money to put down on a mortgage benefit the most from FHA loan programs.