Need an appraisal for an FHA-backed mortgage? Call Appraisals OnlyThe FHA retains of approved appraisers for each state - Appraisals Only is on the roster of approved appraisers for CA. If you have an FHA-insured mortgage, be sure to get with Appraisals Only, as we are approved and certified to handle FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured 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 backed by them. The lending company provides all the finances; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lending organizations that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly beneficial to those consumers with less accessible starting capital. |