Appraisal Services can do FHA backed loans

The FHA maintains of approved appraisers for each state - Appraisal Services is on the roster of approved appraisers for CA. We are qualified and approved to do appraisal reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is underneath 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 make sure that the loan is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending agencies that 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. Consumers with lower income or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs.