Stafford AppraisalsStafford Appraisals is CA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisals for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Stafford Appraisals is well-trained on how to comply with the rules and regulations provided. If you're in need of 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 money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to aid low-to-moderate income buyers 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. The loan programs that the FHA provides are incredibly useful to consumers with less starting income. |