CERTIFIED APPRAISAL SERVICES is approved for FHA backed loansRest assured that CERTIFIED APPRAISAL SERVICES is an FHA-certified appraisal service in IA. This means that we are certified and approved by the FHA to do reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact CERTIFIED APPRAISAL SERVICES 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-insured loan, it means it is insured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those buyers with less accessible starting capital. |