Need an appraisal for an FHA-backed mortgage? Call Appraisals 2-Day

Appraisals 2-Day is CA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans backed by them. A certain amount of the periodic training our staff at Appraisals 2-Day receives deals precisely with comprehending the FHA's documentation and their rules and procedures.

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-secured loan, it means it is backed by them. None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to benefit low-to-moderate income consumers help meet credit requirements if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely useful to those homebuyers with less available cash.