Need an appraisal for an FHA-backed mortgage? Call American AppraisalsThe FHA keeps a roster of approved appraisers for each state - American Appraisals is on the roster of approved appraisers for AZ. If you have an FHA-secured mortgage, be sure to call American Appraisals, as we are approved and certified to handle FHA appraisal 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. 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 financial transaction is an FHA-insured loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with protection through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are extremely helpful to buyers with less starting income. |