Need an appraisal for an FHA-backed mortgage? Call CALI Real Estate AppraisalsThe FHA retains of approved appraisers for each state - CALI Real Estate Appraisals is on the roster of approved appraisers for CA. This means that we are certified and approved by the FHA to do appraisals for home loans backed by them. A portion of the ongoing training our staff at CALI Real Estate Appraisals completes deals precisely with understanding the FHA's documentation and their rules and procedures. Be sure to contact CALI Real Estate Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with security through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not. 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 provides are exceedingly helpful to consumers with less starting income. |