Fahrnkopf AppraisalThe FHA publishes a list of approved appraisers for each state - Fahrnkopf Appraisal is on the roster of approved appraisers for CA. If you have an FHA-insured mortgage, be sure to contact Fahrnkopf Appraisal, as we are approved and certified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. 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. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those purchasers with less available starting capital. |