The FHA publishes a list of approved appraisers for each state - MacBride Appraisal is on the roster of approved appraisers for CA. This indicates that we are certified and approved by the FHA to do reports for house loans insured by them. A portion of the continuing training our staff at MacBride Appraisal undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal agency 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 FHA does not loan money to borrowers, rather, it provides lending organizations with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Available to all homebuyers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those consumers with less accessible cash.