All City Appraisal is your FHA certified appraisal company
The FHA publishes a list of approved appraisers for each state - All City Appraisal is on the roster of approved appraisers for CA. If you have an FHA-mortgage, be sure to contact All City Appraisal, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at All City Appraisal is well-trained on how to comply with the rules and regulations provided.
Be sure to contact All City Appraisal 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 loan is an FHA-secured loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are built to aid low-to-moderate income consumers help meet credit requirements if 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 FHA offers are extremely useful to purchasers with less starting capital.