Need an appraisal for an FHA-backed mortgage? Call 1 Hour Appraisal1 Hour Appraisal is CA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do reports for home loans insured by them. Part of the periodic training our staff at 1 Hour Appraisal receives deals strictly with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. If your financial transaction is FHA certified, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to help low-to-moderate income purchasers help meet credit requirements if 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 helpful to purchasers with less starting income. |