is California state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do reports for house loans underwritten by them.
A portion of the ongoing training our staff at Alewyn Appraisal Services completes deals precisely with decoding the FHA's documentation and their rules and procedures.
If your house loan is FHA certified, that means that it has been guaranteed by the FHA, 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 lenders with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations.
Available to all consumers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending organization working with FHA actually has the ability to pick the appraiser.
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 lifesavers to consumers with less starting capital.
