is California state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers. Rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all consumers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Unlike the VA appraiser panel, the lending organization working with FHA is allowed to choose the appraiser. 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 offers are invaluable to consumers with less starting capital.