Need an appraisal for an FHA-backed mortgage? Call Frank Lund

The FHA retains of approved appraisers for each state - Frank Lund is on the roster of approved appraisers for MS. If you have an FHA-insured loan, be sure to get with Frank Lund, as we are approved and qualified to handle FHA appraisal reports. A portion of the continuing training our staff at Frank Lund completes deals strictly with comprehending the FHA's documentation and their rules and procedures.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all consumers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

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