Need an appraisal for an FHA-backed mortgage? Call Portfolio Appraisals, Inc.

Portfolio Appraisals, Inc. is ME state certified and on the FHA Roster of approved residential appraisers. We're 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.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is secured by them. The FHA does not loan funds to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Available to all purchasers, FHA loan programs are designed 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. Buyers with lesser income or less starting funds to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.