Highlands Appraisal is your FHA certified appraisal companyRest assured that Highlands Appraisal is an FHA-certified appraisal company in CA. We're certified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Highlands Appraisal is well-trained on how to follow the rules and regulations provided. Be sure to contact Highlands Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting capital to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |