Robert Ensminger Appraisers & Ensminger Auctioneers
Robert Ensminger Appraisers & Ensminger Auctioneers is PA state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do reports for house loans underwritten by them. A portion of the regular training our staff at Robert Ensminger Appraisers & Ensminger Auctioneers undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to put down on a financial transaction benefit the most from FHA loan programs.