Need an appraisal for an FHA-backed mortgage? Call South Shore Appraisals CASouth Shore Appraisals CA is CA state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA secured loans. A certain amount of the ongoing training our staff at South Shore Appraisals CA undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed 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 organization provides all the loaned money; the FHA simply secures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting funds to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |