Appraisal Consultants, Inc. is your FHA certified appraisal companyThe FHA maintains of approved appraisers for each state - Appraisal Consultants, Inc. is on the roster of approved appraisers for CO. This indicates that we are certified and approved by the FHA to do reports for home loans insured by them. A portion of the ongoing training our staff at Appraisal Consultants, Inc. undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA approved, that means that it has been secured by the FHA, which is underneath the United States 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 defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications 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. The loan programs that the Federal Housing Administration provides are excessively beneficial to purchasers with less starting income. |