The Appraisal FirmWe assure you that The Appraisal Firm is an FHA-certified appraisal firm in CA. This indicates that we are qualified and approved by the FHA to do appraisals for property loans insured by them. A certain amount of the regular training our staff at The Appraisal Firm receives deals exclusively with decoding 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. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is underwritten by them. The lender provides all the money in the loan; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. Available to all buyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements 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 beneficial to those purchasers with less accessible cash. |