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. If you have an FHA-secured mortgage, be sure to hire MacBride Appraisal, as we are approved and qualified to produce FHA appraisal reports. Part of the continuing training our staff at MacBride Appraisal completes deals strictly with understanding the FHA's documentation and their rules and procedures.
Be sure to contact MacBride Appraisal if you need an appraisal done for an FHA-secured loan.
An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. Available to all purchasers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
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 acutely helpful to buyers with less starting income.