We confidently state that T.R. Gotting is an FHA-approved appraisal service in Oregon.
If you have an FHA-insured loan, be sure to get with T.R. Gotting, as we are approved and certified to perform FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your loan is FHA approved, 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).
The FHA does not loan money to borrowers. Rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations.
The FHA and their loan programs are created to benefit low-to-moderate income buyers by easing credit qualifications.
Unlike the VA appraiser panel, the lending agency working with FHA actually has the freedom to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are invaluable to buyers with less starting capital.
