Austen Appraisal & Consulting Services, LLC is your FHA certified appraisal company

The FHA retains of approved appraisers for each state - Austen Appraisal & Consulting Services, LLC is on the roster of approved appraisers for KY. Austen Appraisal & Consulting Services, LLC is qualified and approved to do appraisal reports for FHA insured financial transactions. A certain amount of the regular training our staff at Austen Appraisal & Consulting Services, LLC undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is underwritten by them. The lender takes care of all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.