Sharp Appraisals is ready for your FHA mortgagesWe are happy to say that Sharp Appraisals is an FHA-approved appraisal firm in CA. If you have an FHA-insured mortgage, be sure to hire Sharp Appraisals, as we are approved and certified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Sharp Appraisals is well-trained on how to work in accordance with the rules and regulations provided. If you need 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 insured by them. The lender provides all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Accessible to all homebuyers, 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 Federal Housing Administration offers are acutely beneficial to buyers with less starting capital. |