R. Scott Pierce Appraisal Services

The FHA retains of approved appraisers for each state - R. Scott Pierce Appraisal Services is on the roster of approved appraisers for MS. If you have an FHA-loan, be sure to call R. Scott Pierce Appraisal Services, as we are approved and qualified to handle FHA reports. 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.

Be sure to contact R. Scott Pierce Appraisal Services if you need an appraisal done for an FHA-secured loan.

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 loan is an FHA-insured loan, it means it is underwritten by them. The lender provides all the money in the loan; the FHA simply backs the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all consumers, FHA loan programs are created 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. FHA loan programs are extremely useful to those buyers with less accessible starting capital.