Need an appraisal for an FHA-backed mortgage? Call Nordquist Appraisal LLC

The FHA publishes a list of approved appraisers for each state - Nordquist Appraisal LLC is on the roster of approved appraisers for PA. This means that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is underwritten by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to help low-to-moderate income buyers help meet credit requirements 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. Buyers with lesser income or less starting money to use as a down-payment on a mortgage are assisted the most from FHA loan programs.