Need an appraisal for an FHA-backed mortgage? Call Appraise Colorado Inc
Rest assured that Appraise Colorado Inc is an FHA-certified appraisal service in CO. We're qualified and approved to do reports for FHA secured financial transactions. Part of the periodic training our staff at Appraise Colorado Inc receives deals strictly 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 loan, it means it is underwritten by them. No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. Accessible to all consumers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are acutely useful to consumers with less starting capital.