Evergreen Appraisals

Rest assured that Evergreen Appraisals is an FHA-approved appraisal firm in NM. If you have an FHA-secured mortgage, be sure to hire Evergreen Appraisals, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Evergreen Appraisals is well-trained on how to comply with 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 loan, it means it is backed by them. The lender provides all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit qualifications if 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 particularly beneficial to those consumers with less accessible starting capital.