Need an appraisal for an FHA-backed mortgage? Call Steven A McCormick Appraisals - Real Estate Inc.

Steven A McCormick Appraisals - Real Estate Inc. is GA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire Steven A McCormick Appraisals - Real Estate Inc., as we are approved and certified to perform FHA appraisal reports. A certain amount of the regular training our staff at Steven A McCormick Appraisals - Real Estate Inc. receives deals exclusively with comprehending the FHA's documentation and their rules and procedures.

If your home loan is FHA insured, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Available to all homebuyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting capital to put down on a loan are assisted the most from FHA loan programs.