Need an appraisal for an FHA-backed mortgage? Call Delk Appraisals

Delk Appraisals is MS state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements 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 particularly useful to those homebuyers with less available funding.