Need an appraisal for an FHA-backed mortgage? Call Value Vision AppraisalsThe FHA keeps a roster of approved appraisers for each state - Value Vision Appraisals is on the roster of approved appraisers for CA. If you have an FHA-secured mortgage, be sure to contact Value Vision Appraisals, as we are approved and qualified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Value Vision Appraisals if you need an appraisal done for an FHA-secured loan. 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 financial transaction is an FHA-secured loan, it means it is backed by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |