Need an appraisal for an FHA-backed mortgage? Call The Appraisal Firm
The FHA retains of approved appraisers for each state - The Appraisal Firm is on the roster of approved appraisers for CA. We are qualified and approved to do reports for FHA secured loans. Part of the continuing training our staff at The Appraisal Firm completes deals strictly with decoding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your 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). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Accessible to all homebuyers, FHA loan programs are formed 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. Purchasers with lower income or less starting capital to put down on a loan are assisted the most from FHA loan programs.