First Choice Appraisal Corp. is your FHA certified appraisal company

First Choice Appraisal Corp. is TN state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to contact First Choice Appraisal Corp., as we are approved and certified to handle FHA appraisal reports. A portion of the periodic training our staff at First Choice Appraisal Corp. completes deals precisely with comprehending the FHA's documentation and their rules and procedures.

If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to aid low-to-moderate income homebuyers 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. Buyers with lower income or less starting money to put down on a financial transaction are assisted the most from FHA loan programs.