Need an appraisal for an FHA-backed mortgage? Call The Appraisal Firm
Rest assured that The Appraisal Firm is an FHA-certified appraisal company in CA. This means that we are qualified and approved by the FHA to do reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, 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 loan is FHA certified, 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 lending organization takes care of all the money in the loan; the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to aid low-to-moderate income buyers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting funds to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs.