Utah Real Estate Appraisals is approved for FHA appraisalsUtah Real Estate Appraisals is Utah state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do reports for property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Utah Real Estate Appraisals is well-trained on how to work in accordance with the rules and regulations provided. If you're in need of an appraisal report 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 financial transaction is an FHA-insured loan, it means it is secured by them. The lending organization provides all the finances; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Accessible to all buyers, FHA loan programs are built 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 purchasers with less accumulated funding. |