is California state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 financial transaction is an FHA loan, it means it is secured by them. The FHA does not loan capital to borrowers. Rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income consumers by easing credit expectations. Remember that the lending agency approving a loan backed by the Federal Housing Administration is permitted to select which appraisers they will use, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are incredibly useful to consumers with minimal starting capital.
