Ted Panas Appraisals is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - Ted Panas Appraisals is on the roster of approved appraisers for NE. We are qualified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Ted Panas Appraisals is well-trained on how to comply with the rules and regulations provided. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to help low-to-moderate income buyers 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. Purchasers with lesser income or less starting funds to use as a down-payment on a mortgage are helped the most from FHA loan programs. |