Need an appraisal for an FHA-backed mortgage? Call Appraise Colorado Inc
We confidently state that Appraise Colorado Inc is an FHA-approved appraisal company in CO. We are qualified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Appraise Colorado Inc if you need an appraisal done for an FHA-secured loan.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower defaults on his or her financial obligations. Accessible to all homebuyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting funds to put down on a mortgage are helped the most from Federal Housing Administration loan programs.