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. We are certified and approved to do appraisals for FHA secured financial transactions. A certain amount of the periodic training our staff at The Appraisal Firm undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your financial transaction is FHA insured, that means that the loan has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser income or less starting money to put down on a loan are helped the most from Federal Housing Administration loan programs.