Need an appraisal for an FHA-backed mortgage? Call MacBride Appraisal
MacBride Appraisal is CA state certified and on the FHA Roster of approved residential appraisers. MacBride Appraisal is qualified and approved to do reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at MacBride Appraisal is well-trained on how to work in accordance with the rules and regulations provided.
Be sure to contact MacBride 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 financial transaction is an FHA-secured loan, it means it is secured by them. The lender provides all the finances; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. Available to all buyers, FHA loan programs are created to aid 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 incredibly beneficial to those consumers with less accessible funding.