FHA LOAN

FHA stands for the Federal Housing Administration, which is a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA provides mortgage insurance for qualified buyers.

The lender provides all the money for the loan — the FHA simply insures the amount through mortgage insurance in case the borrower does not pay off his or her loan. FHA loan programs were created to help low-to-moderate income consumers by easing credit requirements for a new home purchase.

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 less starting capital to put down are helped by most FHA loan programs.

The Federal Housing Administration retains a roster of approved appraisers for each state. Cobb County Property Appraiser has certified FHA appraisers on staff ready to handle your FHA appraisals. Our reports conform to the USPAP guidelines and all federal regulations and standards. Our appraisal experts can help ensure the success of your new home purchase.

FHA guidelines, documentation, and policies may seem difficult to comprehend, but our expert staff at Cobb County Property Appraiser will walk you through the insurance process and help you get into your new home faster.