is California state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do reports for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your property loan is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA. What the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not. Remember, the FHA differs from the VA appraiser panel in that the lender can select the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser incomes or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.
