Need an appraisal for an FHA-backed mortgage? Call Appraise Colorado Inc
The FHA keeps a roster of approved appraisers for each state - Appraise Colorado Inc is on the roster of approved appraisers for CO. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your house loan is FHA insured, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income purchasers help meet credit qualifications 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. The loan programs that the FHA provides are excessively beneficial to purchasers with less starting income.