The Appraisal Office is approved for FHA appraisalsThe FHA keeps a roster of approved appraisers for each state - The Appraisal Office is on the roster of approved appraisers for California. The Appraisal Office is certified and approved to do reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at The Appraisal Office is well-trained on how to comply with the rules and regulations provided. Be sure to contact The Appraisal Office 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-insured loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income buyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting money to use as a down-payment on a mortgage benefit the most from FHA loan programs. |