Need an appraisal for an FHA-backed mortgage? Call Advantage Appraisal Services, LLC
The FHA retains of approved appraisers for each state - Advantage Appraisal Services, LLC is on the roster of approved appraisers for ID. If you have an FHA-secured mortgage, be sure to call Advantage Appraisal Services, LLC, as we are approved and certified to perform FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply insures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to benefit low-to-moderate income buyers help meet credit requirements if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are excessively beneficial to buyers with less starting capital.