Custom Appraisals

The FHA keeps a list of approved appraisers for each state - Custom Appraisals is on the roster of approved appraisers for Virginia. If you have an FHA-insured loan, be sure to get with Custom Appraisals, as we are approved and certified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.


	If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA loan, it means it is underwritten by them. No part of the loan is provided by the FHA. What the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. Applicable to all purchasers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Remember that the lending organization approving a loan backed by the Federal Housing Administration is allowed to pick their appraisers, unlike the VA appraisal panel.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration provides are incredibly helpful to consumers with less starting capital.