Need an appraisal for an FHA-backed mortgage? Call Colony Appraisal Services, Inc.

We confidently state that Colony Appraisal Services, Inc. is an FHA-certified appraisal practice in MD. We are certified and approved to do appraisals for FHA insured financial transactions. Part of the periodic training our staff at Colony Appraisal Services, Inc. completes deals exclusively with decoding the FHA's documentation and their rules and procedures.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are incredibly helpful to buyers with less starting capital.