Need an appraisal for an FHA-backed mortgage? Call Deer Creek Appraisals
Deer Creek Appraisals is CO state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisal reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Deer Creek Appraisals is well-trained on how to work in accordance with the rules and regulations provided.
Be sure to contact Deer Creek Appraisals if you need an appraisal done for an FHA-secured loan.
If your property loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower doesn't pay their loan. Available to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
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 acutely helpful to purchasers with less starting income.