Omnia Appraisal Company is your FHA certified appraisal company

The FHA maintains of approved appraisers for each state - Omnia Appraisal Company is on the roster of approved appraisers for MA. This means that we are qualified and approved by the FHA to do appraisal reports for property loans backed by them. A certain amount of the periodic training our staff at Omnia Appraisal Company completes deals strictly with understanding the FHA's documentation and their rules and procedures.

If your property loan is FHA approved, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to help low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting money to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.