Need an appraisal for an FHA-backed mortgage? Call Crockett Appraisal Service, Inc.
We assure you that Crockett Appraisal Service, Inc. is an FHA-approved appraisal service in CO. This indicates that we are certified and approved by the FHA to do reports for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Crockett Appraisal Service, Inc. is well-trained on how to follow the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to benefit low-to-moderate income buyers help meet credit requirements if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Those with lower income or less starting money to use as a down-payment on a financial transaction are helped the most from FHA loan programs.