Need an appraisal for an FHA-backed mortgage? Call Preston Hummer

The FHA publishes a list of approved appraisers for each state - Preston Hummer is on the roster of approved appraisers for VA. If you have an FHA-insured loan, be sure to hire Preston Hummer, as we are approved and qualified to handle FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.

If your home loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lenders that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting funds to use as a down-payment on a financial transaction benefit the most from FHA loan programs.