Need an appraisal for an FHA-backed mortgage? Call Clay Wells & Associates, Inc.

Clay Wells & Associates, Inc. is KY state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do reports for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Clay Wells & Associates, Inc. is well-trained on how to work in accordance with the rules and regulations provided.

Be sure to contact Clay Wells & Associates, Inc. if you need an appraisal done for an FHA-secured loan.

If your financial transaction is FHA certified, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending company provides 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 homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those homebuyers with less accessible funding.