Need an appraisal for an FHA-backed mortgage? Call Ostlund AppraisalsWe are happy to say that Ostlund Appraisals is an FHA-certified appraisal firm in CA. Ostlund Appraisals is qualified and approved to do appraisal reports for FHA secured loans. A portion of the periodic training our staff at Ostlund Appraisals undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization provides all the finances; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting money to put down on a mortgage are helped the most from Federal Housing Administration loan programs. |