Need an appraisal for an FHA-backed mortgage? Call Mark Murphy

Mark Murphy is MO state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your financial transaction is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are created to benefit 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. FHA loan programs are incredibly useful to those purchasers with less accumulated cash.