Need an appraisal for an FHA-backed mortgage? Call CaliHaus Appraisals, Inc.
We assure you that CaliHaus Appraisals, Inc. is an FHA-approved appraisal service in CA. We are qualified and approved to do reports for FHA insured financial transactions. A portion of the ongoing training our staff at CaliHaus Appraisals, Inc. undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal 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 loan, it means it is underwritten by them. The FHA does not provide funds to borrowers, rather, it provides lenders with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting money to use as a down-payment on a financial transaction are assisted the most from FHA loan programs.
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