Linda Mehaffie Appraisals is your FHA certified appraisal company

The FHA publishes a list of approved appraisers for each state - Linda Mehaffie Appraisals is on the roster of approved appraisers for PA. If you have an FHA-secured mortgage, be sure to hire Linda Mehaffie Appraisals, as we are approved and certified to handle FHA appraisals. Part of the continuing training our staff at Linda Mehaffie Appraisals completes deals precisely with comprehending the FHA's documentation and their rules and procedures.

If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and requirements for lenders 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. Buyers with lesser income or less starting capital to use as a down-payment on a mortgage benefit the most from FHA loan programs.