Need an appraisal for an FHA-backed mortgage? Call Bonnie Baughman

Rest assured that Bonnie Baughman is an FHA-certified appraisal firm in NV. This means that we are qualified and approved by the FHA to do reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your loan is FHA approved, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income consumers help meet credit qualifications if 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. Those with lesser income or less starting funds to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.