Need an appraisal for an FHA-backed mortgage? Call William R. SanderferThe FHA publishes a list of approved appraisers for each state - William R. Sanderfer is on the roster of approved appraisers for KY. We are certified and approved to do appraisal reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact William R. Sanderfer if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Applicable to all purchasers, FHA loan programs are created to help 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. Those with lower income or less starting money to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |