Ridder Appraisal Service, LLC can do FHA work

Ridder Appraisal Service, LLC is VA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to call Ridder Appraisal Service, LLC, as we are approved and qualified to perform FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 financial transaction is an FHA-secured loan, it means it is backed by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting capital to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs.