We are happy to say that ValueSource Appraisal Services is an FHA-certified appraisal provider in California.
This indicates that we are certified and approved by the FHA to do appraisal reports for home loans backed by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your home loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the mortgage is secure in case the borrower doesn't pay their loan.
Available to all purchasers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending organization approving a loan associated with the Federal Housing Administration is allowed to pick their appraisers, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are lifesavers to consumers with less starting capital.
