Need an appraisal for an FHA-backed mortgage? Call Coe Appraisals

Rest assured that Coe Appraisals is an FHA-approved appraisal practice in TN. If you have an FHA-secured mortgage, be sure to hire Coe Appraisals, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Coe Appraisals is well-trained on how to work in accordance with the rules and regulations provided.

If your loan is FHA certified, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending agencies that 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 extremely helpful to those consumers with less available starting capital.