Need an appraisal for an FHA-backed mortgage? Call A.M. Appraisal
Rest assured that A.M. Appraisal is an FHA-approved appraisal service in CA. This indicates that we are certified and approved by the FHA to do appraisals for property loans insured by them. A certain amount of the periodic training our staff at A.M. Appraisal completes deals precisely with understanding 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). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those purchasers with less accumulated starting capital.