Need an appraisal for an FHA-backed mortgage? Call Colony Bank

Rest assured that Colony Bank is an FHA-certified appraisal service in GA. Colony Bank is certified and approved to do reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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

If your financial transaction is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit expectations if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting capital to use as a down-payment on a financial transaction are helped the most from FHA loan programs.