CaliHaus Appraisals, Inc. can do FHA loans
Rest assured that CaliHaus Appraisals, Inc. is an FHA-approved appraisal company in CA. This means that we are qualified and approved by the FHA to do reports for property loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is secured by them. The lending company provides all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Available to all homebuyers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely useful to those purchasers with less accumulated cash.
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