The FHA keeps the rolls of approved appraisers for each state - MLB Appraisal and Associates is on the roster of approved appraisers for Arizona.
If you have an FHA-insured loan, be sure to call MLB Appraisal and Associates, as we are approved and qualified to handle FHA appraisal reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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 loan, it means it is secured by them.
The FHA does not loan funds to borrowers. Rather, it provides lending agencies with security by offering mortgage insurance in case the borrower does not pay his or her loan obligations.
The FHA and their loan programs are formed to aid low-to-moderate income consumers by easing credit expectations.
Remember that the lending agency approving a loan backed by the Federal Housing Administration is authorized to choose the appraisal company with which they'll work, different from VA appraisal panel.
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 FHA offers are incredibly useful to consumers with minimal starting income.
