Need an appraisal for an FHA-backed mortgage? Call Appraise Colorado Inc
The FHA retains of approved appraisers for each state - Appraise Colorado Inc is on the roster of approved appraisers for CO. This means that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. A portion of the periodic training our staff at Appraise Colorado Inc completes deals precisely with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Appraise Colorado Inc if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is insured by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income consumers help meet credit requirements if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting funds to use as a down-payment on a mortgage are helped the most from FHA loan programs.