Need an appraisal for an FHA-backed mortgage? Call Desert Homes AppraisalsThe FHA publishes a list of approved appraisers for each state - Desert Homes Appraisals is on the roster of approved appraisers for AZ. We're qualified and approved to do reports for FHA insured loans. A portion of the regular training our staff at Desert Homes Appraisals receives deals precisely with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 loan is an FHA loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all homebuyers, FHA loan programs are made 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. The loan programs that the Federal Housing Administration offers are exceedingly useful to buyers with less starting income. |