R. Scott Pierce Appraisal Services

Rest assured that R. Scott Pierce Appraisal Services is an FHA-approved appraisal practice in MS. This means that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at R. Scott Pierce Appraisal Services is well-trained on how to comply with the rules and regulations provided.

If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

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 loan, it means it is insured by them. The lending organization provides all the money in the loan; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Available to all buyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lesser income or less starting money to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.