Need an appraisal for an FHA-backed mortgage? Call Goodfellow Appraisal Co.

The FHA keeps a roster of approved appraisers for each state - Goodfellow Appraisal Co. is on the roster of approved appraisers for VT. If you have an FHA-secured mortgage, be sure to hire Goodfellow Appraisal Co., as we are approved and qualified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Goodfellow Appraisal Co. is well-trained on how to comply with the rules and regulations provided.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to help low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those consumers with less accumulated cash.