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SCP APPRAISAL SERVICE is California state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to hire SCP APPRAISAL SERVICE, as we are approved and certified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at SCP APPRAISAL SERVICE is well-trained on how to follow the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA loan, it means it is backed by them. None of the funds are provided by the FHA. What the FHA does is make sure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not. Unlike the VA appraiser panel, the lender working with FHA actually has the ability to pick the appraiser. 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 incomes or less starting capital to put down on a financial transaction are helped the most from Federal Housing Administration loan programs.
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