A.M. Appraisal is approved for FHA appraisals

A.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 insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at A.M. Appraisal is well-trained on how to follow 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 agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is insured by them. The lender takes care of all the money in the loan; the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lenders 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. Buyers with lesser income or less starting money to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.