The FHA retains a roster of approved appraisers for each state - Rancho Vista Appraisals is on the roster of approved appraisers for California.
If you have an FHA-insured mortgage, be sure to hire Rancho Vista Appraisals, as we are approved and qualified to handle FHA appraisals.
A certain amount of the regular training our staff at Rancho Vista Appraisals undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures.
If your house loan is FHA certified, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with security with mortgage insurance in case the borrower does not pay his or her loan obligations.
Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely useful to those buyers with less available starting capital.
