Acclaimed Appraisers is ready for your FHA backed loansThe FHA keeps a roster of approved appraisers for each state - Acclaimed Appraisers is on the roster of approved appraisers for CA. Acclaimed Appraisers is qualified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Acclaimed Appraisers is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is underwritten by them. The lending company provides all the money in the loan; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to assist low-to-moderate income purchasers help meet credit requirements if they otherwise would not. 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 particularly beneficial to those purchasers with less accessible starting capital. |