is California state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are qualified and approved by the FHA to do reports for house loans underwritten by them.
Part of the periodic training our staff at Appraisals Excel Corporation receives deals precisely with understanding the FHA's documentation and their rules and procedures.
An FHA loan is backed by the Federal Housing Administration, a federal organization 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 mortgage is taken care of in case the borrower doesn't pay their loan.
Available to all buyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lender approving a loan associated with the FHA is able to choose the appraisal company with which they'll work, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are lifesavers to consumers with less starting income.
