Need an appraisal for an FHA-backed mortgage? Call AppraisalWorks
Rest assured that AppraisalWorks is an FHA-certified appraisal company in CA. If you have an FHA-mortgage, be sure to hire AppraisalWorks, as we are approved and qualified to handle FHA reports. Part of the periodic training our staff at AppraisalWorks undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your house loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. Applicable to all buyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting money to put down on a financial transaction are assisted the most from FHA loan programs.