Linda Tabor is approved for FHA work

The FHA maintains of approved appraisers for each state - Linda Tabor is on the roster of approved appraisers for CT. We're qualified and approved to do appraisal reports for FHA secured financial transactions. A certain amount of the continuing training our staff at Linda Tabor completes deals strictly with comprehending the FHA's documentation and their rules and procedures.

If your loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Applicable to all purchasers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

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 lesser income or less starting money to put down on a loan benefit the most from Federal Housing Administration loan programs.