The FHA keeps a roster of approved appraisers for each state - Colorado Valuation Group, Inc. (303) 425-5556 is on the roster of approved appraisers for Colorado.
If you have an FHA-mortgage, be sure to contact Colorado Valuation Group, Inc. (303) 425-5556, as we are approved and qualified to produce FHA appraisals.
A portion of the regular training our staff at Colorado Valuation Group, Inc. (303) 425-5556 undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
The FHA is the Federal Housing Administration, which is a federal organization 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.
None of the funds are provided by the FHA. What the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember, the FHA differs from the VA appraiser panel in that the lending agency can choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
Those with lower incomes or less starting funds to use as a down-payment on a mortgage are assisted the most from FHA loan programs.