Need an appraisal for an FHA-backed mortgage? Call Pacific Home Inspection & Appraisal
The FHA publishes a list of approved appraisers for each state - Pacific Home Inspection & Appraisal is on the roster of approved appraisers for CA. This means that we are qualified and approved by the FHA to do appraisals for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Pacific Home Inspection & Appraisal is well-trained on how to follow the rules and regulations provided.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
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. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower doesn't pay their loan. Applicable to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower income or less starting capital to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs.