Need an appraisal for an FHA-backed mortgage? Call Bowers Real Estate & Appraisal Services
We are happy to say that Bowers Real Estate & Appraisal Services is an FHA-approved appraisal provider in CA. If you have an FHA-mortgage, be sure to hire Bowers Real Estate & Appraisal Services, as we are approved and qualified to perform FHA appraisals. A certain amount of the continuing training our staff at Bowers Real Estate & Appraisal Services undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Applicable to all purchasers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely useful to those homebuyers with less accumulated starting capital.