Erica GrayThe FHA publishes a list of approved appraisers for each state - Erica Gray is on the roster of approved appraisers for ME. If you have an FHA-secured loan, be sure to contact Erica Gray, as we are approved and certified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Erica Gray if you need an appraisal done for an FHA-secured loan. If your property 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 money to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting funds to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs. |