Rest assured that Cristin Becker Olson Real Estate Appraisal is an FHA-approved appraisal practice in California. We are certified and approved to do appraisal reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Cristin Becker Olson Real Estate Appraisal is well-trained on how to comply with the rules and regulations provided.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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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 FHA does not loan capital to borrowers. Rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all buyers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lending organization can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those consumers with less available starting capital.
