Need an appraisal for an FHA-backed mortgage? Call Richard Rockwood

Rest assured that Richard Rockwood is an FHA-approved appraisal practice in NH. If you have an FHA-insured loan, be sure to contact Richard Rockwood, as we are approved and qualified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Richard Rockwood is well-trained on how to comply with the rules and regulations provided.

An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Available to all consumers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely useful to those consumers with less accessible starting capital.