Need an appraisal for an FHA-backed mortgage? Call Bob Blake Appraisal Co., Inc.

Rest assured that Bob Blake Appraisal Co., Inc. is an FHA-certified appraisal company in VA. If you have an FHA-insured mortgage, be sure to hire Bob Blake Appraisal Co., Inc., as we are approved and certified to produce FHA appraisal reports. A portion of the continuing training our staff at Bob Blake Appraisal Co., Inc. receives deals precisely with comprehending the FHA's documentation and their rules and procedures.

An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending agencies 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. FHA loan programs are extremely useful to those purchasers with less available funding.