The FHA retains a list of approved appraisers for each state - Gorelick Appraisals, Inc. is on the roster of approved appraisers for Delaware.
If you have an FHA-insured loan, be sure to contact Gorelick Appraisals, Inc., as we are approved and certified to perform FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 loan is an FHA-secured loan, it means it is insured by them.
The FHA does not provide funds to borrowers. Rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her financial obligations.
Accessible to all homebuyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending agency working with FHA actually has the ability to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those buyers with less available cash.
