All City Appraisal is ready for your FHA mortgagesThe FHA publishes a list of approved appraisers for each state - All City Appraisal is on the roster of approved appraisers for CA. If you have an FHA-secured mortgage, be sure to call All City Appraisal, as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at All City Appraisal is well-trained on how to comply with the rules and regulations provided. 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 financial transaction is an FHA-insured loan, it means it is secured by them. The lender takes care of all the finances; the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers 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. The loan programs that the FHA offers are incredibly useful to consumers with less starting income. |