Scott RE Appraisals

Scott RE Appraisals is NE state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Scott RE Appraisals is well-trained on how to work in accordance with the rules and regulations provided.

The FHA is the Federal Housing Administration, which is a federal agency 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 FHA does not loan funds to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting funds to use as a down-payment on a mortgage are helped the most from FHA loan programs.