Kenneth R. Bush Associates is your FHA certified appraisal companyKenneth R. Bush Associates is RI state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisal reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Kenneth R. Bush Associates if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are formed to assist low-to-moderate income consumers help meet credit expectations 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 extremely beneficial to those homebuyers with less available cash. |