We're FHA Approved

Our company is on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If you're in need of an appraisal for an FHA loan, please contact us and we'll be able to help you right away.

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraiser.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

On July 30, President Bush signed into law the Housing Stimulus Bill, now dubbed the ""Housing and Economic Recovery Act of 2008.

The U.S. Treasury Department is now authorized to make loans to and buy stock from Government Sponsored Enterprises to ensure they do not fail. The limits on conforming loans, which are loans that can be purchased on the secondary loan market by GSE's, and offer lower interest rates than jumbo loans, have been permanently set at the greater of $417,000 or 115% of the local area median home price--capped at a maximum loan amount of $625,500.

A refinance program will also be developed to assist qualified homeowners with sub-prime loans. Lenders will write down these mortgage to 85% of the current appraised value and borrowers will receive a new FHA 30 year loan for 90% of the appraised value.