Appraisal-OneWe are happy to say that Appraisal-One is an FHA-certified appraisal firm in CA. Appraisal-One is certified and approved to do appraisal reports for FHA insured loans. Part of the regular training our staff at Appraisal-One undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Appraisal-One if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to assist 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. Consumers with lower income or less starting money to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs. |