Manno Valuation, Inc is your FHA certified appraisal companyWe are happy to say that Manno Valuation, Inc is an FHA-approved appraisal practice in LA. This means that we are qualified and approved by the FHA to do reports for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured 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-insured loan, it means it is secured by them. The FHA does not loan funds to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those homebuyers with less accumulated funding. |