Need an appraisal for an FHA-backed mortgage? Call The Appraisal Firm
Rest assured that The Appraisal Firm is an FHA-approved appraisal service in CA. If you have an FHA-insured loan, be sure to call The Appraisal Firm, as we are approved and certified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at The Appraisal Firm is well-trained on how to work in accordance with the rules and regulations provided.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are built to assist low-to-moderate income buyers help meet credit requirements if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those homebuyers with less accumulated funding.