JJ Malone, Inc. is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - JJ Malone, Inc. is on the roster of approved appraisers for AL. This indicates that we are qualified and approved by the FHA to do reports for home loans insured by them. A portion of the ongoing training our staff at JJ Malone, Inc. undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. Be sure to contact JJ Malone, Inc. if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all purchasers, FHA loan programs are formed to help 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. Purchasers with lower income or less starting capital to put down on a financial transaction are helped the most from FHA loan programs. |