The FHA maintains the rolls of approved appraisers for each state - Assured Appraisals, LLC. is on the roster of approved appraisers for Arizona.
This means that we are qualified and approved by the FHA to do appraisal reports for property loans backed by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations.
Applicable to all purchasers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lending agency working with the the Federal Housing Administration is free to select which appraisers they work with, unlike the 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.
Purchasers with lesser incomes or less starting funds to use as a down-payment on a loan are helped the most from Federal Housing Administration loan programs.
