is Arizona state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do appraisal reports for home loans backed by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Central Arizona Real Estate Appraisers is well-trained on how to comply with the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA loan, it means it is backed by them.
The lender takes care of all the money in the loan - the FHA simply secures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are designed to aid low-to-moderate income consumers by easing credit expectations.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can select the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration offers are invaluable to purchasers with less starting capital.
