Thomas G. Hofer is your FHA certified appraisal companyRest assured that Thomas G. Hofer is an FHA-approved appraisal service in MO. If you have an FHA-loan, be sure to hire Thomas G. Hofer, as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Thomas G. Hofer is well-trained on how to comply with the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Applicable to all purchasers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 lower income or less starting capital to put down on a loan benefit the most from FHA loan programs. |