Need an appraisal for an FHA-backed mortgage? Call ABC AppraisalsRest assured that ABC Appraisals is an FHA-approved appraisal firm in AZ. We are certified and approved to do appraisals for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending agencies that 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. FHA loan programs are incredibly beneficial to those buyers with less available funding. |