Goins Appraisal ServiceThe FHA retains of approved appraisers for each state - Goins Appraisal Service is on the roster of approved appraisers for CA. This means that we are certified and approved by the FHA to do appraisal reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 financial transaction is an FHA-insured loan, it means it is underwritten by them. The FHA does not loan funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Accessible to all purchasers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |