Need an appraisal for an FHA-backed mortgage? Call Appraisal Service of IdahoRest assured that Appraisal Service of Idaho is an FHA-approved appraisal company in ID. This means that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them. A portion of the periodic training our staff at Appraisal Service of Idaho completes deals strictly with comprehending the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lesser income or less starting capital to put down on a financial transaction are assisted the most from FHA loan programs. |