The FHA publishes the rolls of approved appraisers for each state - Allred Certified Appraisals is on the roster of approved appraisers for California.
Allred Certified Appraisals is qualified and approved to do reports for FHA secured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your property loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lenders with protection with mortgage insurance in case the borrower defaults on his or her financial obligations.
The FHA and their loan programs are designed to help low-to-moderate income homebuyers by easing credit requirements.
Different from the VA appraiser panel, the lending organization working with FHA is allowed to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Buyers with lower incomes or less starting money to put down on a mortgage are helped the most from FHA loan programs.
