The Appraisal Firm is approved for FHA appraisalsThe Appraisal Firm is CA state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at The Appraisal Firm is well-trained on how to follow the rules and regulations provided. Be sure to contact The Appraisal Firm if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, 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 loan is insured in case the borrower doesn't pay their 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. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting funds to put down on a mortgage benefit the most from FHA loan programs. |