Rest assured that Accu Value Appraisals is an FHA-certified appraisal firm in California.
If you have an FHA-secured loan, be sure to get with Accu Value Appraisals, as we are approved and qualified to handle FHA reports.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Accu Value Appraisals is well-trained on how to work in accordance with the rules and regulations provided.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The lending organization takes care of all the money in the loan - the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are designed to help low-to-moderate income purchasers by easing credit qualifications.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can choose the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the Federal Housing Administration offers are lifesavers to consumers with minimal starting capital.
