Premier Appraisal of SoCal is approved for FHA workWe assure you that Premier Appraisal of SoCal is an FHA-approved appraisal practice in CA. Premier Appraisal of SoCal is certified and approved to do appraisals for FHA secured financial transactions. 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 work in accordance 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. If your house loan is FHA approved, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are built to aid low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those purchasers with less available starting capital. |