Need an appraisal for an FHA-backed mortgage? Call Solid Foundation AppraisalsThe FHA retains of approved appraisers for each state - Solid Foundation Appraisals is on the roster of approved appraisers for CA. We're certified and approved to do reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Solid Foundation Appraisals if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is secured by them. The lending organization 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-backed financial transaction; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications 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. FHA loan programs are incredibly beneficial to those homebuyers with less accessible funding. |