Renee C. DumasThe FHA retains of approved appraisers for each state - Renee C. Dumas is on the roster of approved appraisers for VT. This indicates that we are certified and approved by the FHA to do appraisal reports for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Renee C. Dumas if you need an appraisal done for an FHA-secured loan. If your house loan is FHA approved, 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). The lending organization provides all the finances; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are excessively beneficial to buyers with less starting income. |