Appraisal Services is your FHA certified appraisal companyThe FHA publishes a list of approved appraisers for each state - Appraisal Services is on the roster of approved appraisers for CA. This indicates that we are qualified and approved by the FHA to do reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Appraisal Services is well-trained on how to follow the rules and regulations provided. Be sure to contact Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those purchasers with less accessible cash. |