Appraise Colorado Inc is your FHA certified appraisal company
Appraise Colorado Inc is CO state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisals for home loans insured by them. A portion of the periodic training our staff at Appraise Colorado Inc receives deals precisely 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.
An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply insures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting money to use as a down-payment on a loan benefit the most from FHA loan programs.