Need an appraisal for an FHA-backed mortgage? Call Buxton Associates

The FHA keeps a roster of approved appraisers for each state - Buxton Associates is on the roster of approved appraisers for ME. If you have an FHA-loan, be sure to contact Buxton Associates, as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Buxton Associates is well-trained on how to follow the rules and regulations provided.

Be sure to contact Buxton Associates if you need an appraisal done for an FHA-secured loan.

If your loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower defaults on his or her financial obligations. Accessible to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting capital to put down on a financial transaction are helped the most from FHA loan programs.