We are happy to say that (208) 782-0233 is an FHA-certified appraisal company in Idaho. This indicates that we are qualified and approved by the FHA to do reports for property loans insured by them. 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.
If your property loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all homebuyers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting money to put down on a mortgage are assisted the most from Federal Housing Administration loan programs.