Need an appraisal for an FHA-backed mortgage? Call Appraisal-OneThe FHA keeps a roster of approved appraisers for each state - Appraisal-One is on the roster of approved appraisers for CA. This indicates that we are qualified and approved by the FHA to do reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Appraisal-One is well-trained on how to follow the rules and regulations provided. 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 loan, it means it is secured by them. The lending organization provides all the loaned money; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Applicable to all consumers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are acutely useful to purchasers with less starting capital. |