Baseline Appraisal Services
The FHA keeps a roster of approved appraisers for each state - Baseline Appraisal Services is on the roster of approved appraisers for NH. Baseline Appraisal Services is qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Baseline Appraisal Services is well-trained on how to follow the rules and regulations provided.
Be sure to contact Baseline Appraisal Services if you need an appraisal done for an FHA-secured loan.
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 loan capital to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to aid low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are acutely useful to consumers with less starting capital.