Need an appraisal for an FHA-backed mortgage? Call Appraisal 880

The FHA retains of approved appraisers for each state - Appraisal 880 is on the roster of approved appraisers for CA. This indicates that we are qualified and approved by the FHA to do reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Appraisal 880 is well-trained on how to comply with the rules and regulations provided.

If your loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Applicable to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are incredibly beneficial to consumers with less starting income.