A.M. Appraisal can do FHA loansA.M. Appraisal is CA state certified and on the FHA Roster of approved residential appraisers. A.M. Appraisal is certified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at A.M. Appraisal is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact A.M. Appraisal 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 financial transaction is an FHA loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to aid low-to-moderate income homebuyers help meet credit requirements if 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 FHA provides are exceedingly useful to purchasers with less starting income. |