Need an appraisal for an FHA-backed mortgage? Call William Barr

The FHA keeps a roster of approved appraisers for each state - William Barr is on the roster of approved appraisers for NM. If you have an FHA-secured mortgage, be sure to get with William Barr, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at William Barr is well-trained on how to work in accordance with the rules and regulations provided.

If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.

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 ensure that the loan is secure in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are built to assist 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. The loan programs that the Federal Housing Administration provides are acutely useful to purchasers with less starting income.