Need an appraisal for an FHA-backed mortgage? Call Advantage Appraisal Services, LLC
The FHA publishes a list of approved appraisers for each state - Advantage Appraisal Services, LLC is on the roster of approved appraisers for ID. If you have an FHA-mortgage, be sure to hire Advantage Appraisal Services, LLC, as we are approved and certified to handle FHA appraisals. A portion of the regular training our staff at Advantage Appraisal Services, LLC undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures.
Be sure to contact Advantage Appraisal Services, LLC if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. The lending organization takes care of all the finances; the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to assist low-to-moderate income consumers help meet credit requirements if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting funds to use as a down-payment on a mortgage are helped the most from Federal Housing Administration loan programs.