Need an appraisal for an FHA-backed mortgage? Call Little & Associates
Little & Associates is CA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Little & Associates, as we are approved and qualified to handle FHA appraisals. Part of the regular training our staff at Little & Associates undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
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 insured by them. The lender provides all the finances; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those homebuyers with less available funding.