Need an appraisal for an FHA-backed mortgage? Call Wise Appraisal Services

Rest assured that Wise Appraisal Services is an FHA-approved appraisal firm in PA. If you have an FHA-insured loan, be sure to contact Wise Appraisal Services, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Wise Appraisal Services is well-trained on how to follow the rules and regulations provided.

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-secured loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit requirements if 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 Federal Housing Administration offers are excessively beneficial to consumers with less starting capital.