Need an appraisal for an FHA-backed mortgage? Call Appraisal Associates of CT

Rest assured that Appraisal Associates of CT is an FHA-approved appraisal practice in CT. If you have an FHA-secured mortgage, be sure to call Appraisal Associates of CT, as we are approved and certified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is secured by the Federal Housing Administration, a federal organization 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 ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to benefit low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting capital to put down on a loan are assisted the most from FHA loan programs.