AppraisalWorks is your FHA certified appraisal company
AppraisalWorks is CA state certified and on the FHA Roster of approved residential appraisers. AppraisalWorks is qualified and approved to do reports for FHA secured financial transactions. A portion of the periodic training our staff at AppraisalWorks undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations. Applicable to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are acutely beneficial to purchasers with less starting income.