Need an appraisal for an FHA-backed mortgage? Call Almquist AppraisalThe FHA publishes a list of approved appraisers for each state - Almquist Appraisal is on the roster of approved appraisers for CO. This means that we are qualified and approved by the FHA to do appraisals for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Almquist Appraisal is well-trained on how to follow the rules and regulations provided. Be sure to contact Almquist Appraisal if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are acutely useful to purchasers with less starting income. |