Need an appraisal for an FHA-backed mortgage? Call The Appraisal Firm
The FHA publishes a list of approved appraisers for each state - The Appraisal Firm is on the roster of approved appraisers for CA. If you have an FHA-insured loan, be sure to call The Appraisal Firm, as we are approved and qualified to perform FHA reports. Part of the periodic training our staff at The Appraisal Firm completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact The Appraisal Firm if you need an appraisal done for an FHA-secured loan.
If your home loan is FHA insured, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all consumers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly useful to those purchasers with less available funding.