is California state certified and on the FHA Roster of approved residential appraisers.
This means that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at A G Stewart Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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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-insured loan, it means it is secured by them.
The FHA does not provide funds to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower does not pay his or her financial obligations.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs; the point of the Federal Housing Administration is to assist credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember that the lending organization approving a loan backed by the FHA is permitted to pick the appraisal company with which they'll work, different from VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Purchasers with lower income or less starting money to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs.