A.M. Appraisal is approved for FHA mortgages
The FHA publishes a list of approved appraisers for each state - A.M. Appraisal is on the roster of approved appraisers for CA. We're certified and approved to do appraisals for FHA insured financial transactions. Part of the ongoing training our staff at A.M. Appraisal receives deals precisely with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact A.M. Appraisal if you need an appraisal done for an FHA-secured loan.
An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are excessively beneficial to purchasers with less starting income.