Need an appraisal for an FHA-backed mortgage? Call The Appraisal Firm
The FHA retains of approved appraisers for each state - The Appraisal Firm is on the roster of approved appraisers for CA. The Appraisal Firm is certified and approved to do reports 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 comply with 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 financial transaction is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly helpful to those homebuyers with less available funding.