Need an appraisal for an FHA-backed mortgage? Call Andersen Appraisal, LLCAndersen Appraisal, LLC is CO state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. 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 loan is an FHA-insured loan, it means it is insured by them. The lender provides all the finances; the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Available to all purchasers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those homebuyers with less accumulated cash. |