Richard Barker Real EstateRichard Barker Real Estate is RI state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to call Richard Barker Real Estate, as we are approved and certified to produce FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Richard Barker Real Estate if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. None of the money in the loan is 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. Available to all consumers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those homebuyers with less accumulated funding. |