Need an appraisal for an FHA-backed mortgage? Call John Gregory Appraisals

Rest assured that John Gregory Appraisals is an FHA-certified appraisal service in KY. If you have an FHA-insured mortgage, be sure to call John Gregory Appraisals, as we are approved and certified to produce FHA appraisals. A certain amount of the ongoing training our staff at John Gregory Appraisals receives deals precisely with decoding the FHA's documentation and their rules and procedures.

An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Accessible to all homebuyers, FHA loan programs are formed to assist 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. The loan programs that the Federal Housing Administration offers are extremely helpful to consumers with less starting income.