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-loan, be sure to get with The Appraisal Firm, as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at The Appraisal Firm is well-trained on how to comply 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 insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and requirements for lenders that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are acutely useful to buyers with less starting income.