Need an appraisal for an FHA-backed mortgage? Call The Appraisal Firm

The Appraisal Firm is CA state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for property loans underwritten by them. A portion of the regular training our staff at The Appraisal Firm completes deals exclusively with understanding the FHA's documentation and their rules and procedures.

If your loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those consumers with less available funding.