Premier Appraisal of SoCal is your FHA certified appraisal companyPremier Appraisal of SoCal is CA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to contact Premier Appraisal of SoCal, as we are approved and certified to produce FHA reports. A certain amount of the periodic training our staff at Premier Appraisal of SoCal undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. If you need 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 loan is an FHA-secured loan, it means it is insured by them. None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not. 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 Federal Housing Administration offers are excessively helpful to buyers with less starting income. |