Vaughn Appraisal Service can do FHA backed loans

The FHA maintains of approved appraisers for each state - Vaughn Appraisal Service is on the roster of approved appraisers for TN. Vaughn Appraisal Service is qualified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact Vaughn Appraisal Service if you need an appraisal done for an FHA-secured loan.

If your financial transaction is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Available to all homebuyers, FHA loan programs are built to aid 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. Consumers with lower income or less starting funds to put down on a financial transaction are helped the most from FHA loan programs.