Tim MarstonWe are happy to say that Tim Marston is an FHA-certified appraisal firm in RI. If you have an FHA-mortgage, be sure to call Tim Marston, as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Tim Marston is well-trained on how to comply with the rules and regulations provided. Be sure to contact Tim Marston if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income consumers help meet credit requirements if 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. Those with lower income or less starting funds to put down on a loan benefit the most from Federal Housing Administration loan programs. |