AppraisalWorks is ready for your FHA appraisals
The FHA maintains of approved appraisers for each state - AppraisalWorks is on the roster of approved appraisers for CA. If you have an FHA-insured mortgage, be sure to hire AppraisalWorks, as we are approved and certified to handle FHA appraisals. Part of the regular training our staff at AppraisalWorks receives deals exclusively with understanding 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.
If your financial transaction is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending company provides all the finances; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Applicable to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those purchasers with less available cash.