We are happy to say that Wick Appraisal Ronald Wick MAI SRA is an FHA-certified appraisal firm in Nebraska.
If you have an FHA-mortgage, be sure to hire Wick Appraisal Ronald Wick MAI SRA, as we are approved and certified to perform FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your loan is FHA insured, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in 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.
Available to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can pick the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration offers are lifesavers to buyers with less starting capital.
