Need an appraisal for an FHA-backed mortgage? Call

The FHA keeps a roster of approved appraisers for each state - is on the roster of approved appraisers for . If you have an FHA-loan, be sure to get with , as we are approved and certified to produce FHA reports. Part of the continuing training our staff at receives deals strictly with decoding the FHA's documentation and their rules and procedures.

An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are excessively useful to purchasers with less starting capital.