Need an appraisal for an FHA-backed mortgage? Call R Rick Goodwin

We are happy to say that R Rick Goodwin is an FHA-certified appraisal practice in MA. If you have an FHA-secured loan, be sure to contact R Rick Goodwin, as we are approved and certified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your property loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are created 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. Those with lesser income or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs.