RK Hughes Appraisal LLC can do FHA loans

Rest assured that RK Hughes Appraisal LLC is an FHA-approved appraisal provider in PA. This means that we are certified and approved by the FHA to do reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at RK Hughes Appraisal LLC is well-trained on how to comply with the rules and regulations provided.

An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Accessible to all buyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are incredibly helpful to buyers with less starting income.