Need an appraisal for an FHA-backed mortgage? Call CaliHaus Appraisals, Inc.
We confidently state that CaliHaus Appraisals, Inc. is an FHA-certified appraisal practice in CA. We're qualified and approved to do appraisals for FHA insured financial transactions. 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.
If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all purchasers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the FHA offers are incredibly helpful to buyers with less starting income.
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