is California state certified and on the FHA Roster of approved residential appraisers.
We're certified and approved to do appraisal reports for FHA secured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your financial transaction is FHA certified, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the mortgage is insured in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy consumers get approved for mortgages that they otherwise would not.
Unlike the VA appraiser panel, the lending organization working with FHA is allowed to choose the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are incredibly beneficial to those buyers with less accumulated funding.
