Appraisal-One is approved for FHA appraisals
The FHA retains of approved appraisers for each state - Appraisal-One is on the roster of approved appraisers for CA. If you have an FHA-loan, be sure to get with Appraisal-One, as we are approved and certified to handle FHA reports. 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 loan is FHA approved, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to help low-to-moderate income consumers help meet credit qualifications if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting funds to put down on a financial transaction are assisted the most from FHA loan programs.