Need an appraisal for an FHA-backed mortgage? Call Creative RealtyThe FHA retains of approved appraisers for each state - Creative Realty is on the roster of approved appraisers for KY. We are certified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Creative Realty is well-trained on how to comply with the rules and regulations provided. Be sure to contact Creative Realty if you need an appraisal done for an FHA-secured loan. 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). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to assist low-to-moderate income purchasers help meet credit expectations 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 mortgage benefit the most from FHA loan programs. |