Need an appraisal for an FHA-backed mortgage? Call Appraisal Solutions, LLC - Durango
Appraisal Solutions, LLC - Durango is CO state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Appraisal Solutions, LLC - Durango is well-trained on how to follow the rules and regulations provided.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
If your property loan is FHA certified, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and qualifications for lenders that they otherwise would not.
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 excessively beneficial to consumers with less starting capital.