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-secured mortgage, be sure to call The Appraisal Firm, as we are approved and qualified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, 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.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is backed by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all consumers, FHA loan programs are created 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. The loan programs that the FHA provides are acutely beneficial to consumers with less starting income.