Need an appraisal for an FHA-backed mortgage? Call Premier Appraisal of SoCalWe are happy to say that Premier Appraisal of SoCal is an FHA-approved appraisal firm in CA. If you have an FHA-insured loan, be sure to get with Premier Appraisal of SoCal, as we are approved and qualified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Premier Appraisal of SoCal is well-trained on how to comply with the rules and regulations provided. Be sure to contact Premier Appraisal of SoCal if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting funds to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs. |