Need an appraisal for an FHA-backed mortgage? Call Bowers Real Estate & Appraisal Services
The FHA retains of approved appraisers for each state - Bowers Real Estate & Appraisal Services is on the roster of approved appraisers for CA. We're qualified and approved to do appraisals for FHA secured financial transactions. Part of the periodic training our staff at Bowers Real Estate & Appraisal Services undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your house loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all purchasers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications 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 incredibly useful to those purchasers with less accessible starting capital.