The Appraisal Firm can do FHA backed loans
The Appraisal Firm is CA state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA secured financial transactions. 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 for an FHA loan, please contact us, and we'll be able to help you right away.
If your house loan is FHA approved, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations. Accessible to all purchasers, FHA loan programs are formed to help 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 extremely helpful to those buyers with less available starting capital.