Apex Appraisals is available for your FHA loans

Rest assured that Apex Appraisals is an FHA-approved appraisal company in TN. This means that we are certified and approved by the FHA to do appraisal reports for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Apex Appraisals is well-trained on how to follow the rules and regulations provided.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to help low-to-moderate income buyers help meet credit qualifications 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 particularly helpful to those homebuyers with less accumulated cash.