Ric Lang Appraisals

The FHA keeps a roster of approved appraisers for each state - Ric Lang Appraisals is on the roster of approved appraisers for VA. If you have an FHA-mortgage, be sure to contact Ric Lang Appraisals, as we are approved and certified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Ric Lang Appraisals is well-trained on how to work in accordance with the rules and regulations provided.

If your home loan is FHA approved, that means that the loan has been secured by the FHA, which is a branch 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 protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA provides are incredibly helpful to consumers with less starting capital.