is California state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisal reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at DSL Appraisals, Inc. 866-490-4492 is well-trained on how to comply with the rules and regulations provided.
If your loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). No part of the loan is 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. The FHA and their loan programs are formed to aid low-to-moderate income homebuyers by easing credit qualifications. Remember that the lending agency approving a loan backed by the FHA is able to select which appraisers they work with, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those purchasers with less accessible starting capital.
