ABC Appraisals is your FHA certified appraisal companyRest assured that ABC Appraisals is an FHA-approved appraisal company in CA. This means that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them. A portion of the ongoing training our staff at ABC Appraisals completes deals strictly with comprehending the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Available to all purchasers, FHA loan programs are made 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. Consumers with lower income or less starting capital to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |