Need an appraisal for an FHA-backed mortgage? Call Ring Residential Appraisals

We confidently state that Ring Residential Appraisals is an FHA-approved appraisal service in KS. If you have an FHA-mortgage, be sure to get with Ring Residential Appraisals, as we are approved and qualified to perform FHA appraisals. A portion of the ongoing training our staff at Ring Residential Appraisals undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.

If your loan is FHA approved, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely useful to those buyers with less accessible cash.