LeBourgeois Appraisals, LLCLeBourgeois Appraisals, LLC is Louisiana state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to call LeBourgeois Appraisals, LLC, as we are approved and certified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at LeBourgeois Appraisals, LLC is well-trained on how to follow the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is insured by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income consumers by easing credit qualifications. Remember, the FHA deviates from the VA appraiser panel in that the lender can select the appraiser.Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs.