Need an appraisal for an FHA-backed mortgage? Call A-Z Residential AppraisalsA-Z Residential Appraisals is AZ state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do reports for home loans backed by them. A portion of the regular training our staff at A-Z Residential Appraisals undergoes deals exclusively with decoding 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. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her financial obligations. Available to all purchasers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. 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 provides are acutely useful to consumers with less starting capital. |