Need an appraisal for an FHA-backed mortgage? Call (208) 782-0233
The FHA keeps a roster of approved appraisers for each state - (208) 782-0233 is on the roster of approved appraisers for Idaho. If you have an FHA-insured loan, be sure to hire (208) 782-0233, as we are approved and certified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at (208) 782-0233 is well-trained on how to work in accordance with the rules and regulations provided.
Be sure to contact (208) 782-0233 if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to cooperate with 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. Consumers with lower income or less starting money to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.