Need an appraisal for an FHA-backed mortgage? Call Central Arizona Appraisers
Central Arizona Appraisers is AZ state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to hire Central Arizona Appraisers, as we are approved and qualified to handle FHA reports. A certain amount of the periodic training our staff at Central Arizona Appraisers undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Central Arizona Appraisers if you need an appraisal done for an FHA-secured loan.
If your house loan is FHA approved, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.
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 FHA provides are incredibly beneficial to consumers with less starting capital.