Appraisal-One is your FHA certified appraisal companyAppraisal-One is CA state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do reports for FHA secured loans. A portion of the periodic training our staff at Appraisal-One receives deals exclusively with comprehending 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. 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 loan is an FHA-secured loan, it means it is secured by them. The lending organization takes care of all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Available to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 homebuyers with less accumulated funding. |