Leonard AppraisalsThe FHA retains of approved appraisers for each state - Leonard Appraisals is on the roster of approved appraisers for KS. If you have an FHA-secured mortgage, be sure to contact Leonard Appraisals, as we are approved and qualified to perform FHA appraisals. Part of the ongoing training our staff at Leonard Appraisals receives deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact Leonard Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all purchasers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those purchasers with less accessible funding. |