Lotich's Appraisal Service is available for your FHA mortgagesThe FHA keeps a roster of approved appraisers for each state - Lotich's Appraisal Service is on the roster of approved appraisers for CA. We're qualified and approved to do reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to assist low-to-moderate income homebuyers help meet credit requirements if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting money to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |