We confidently state that GMA Appraisal Group is an FHA-certified appraisal service in Arizona.
This means that we are certified and approved by the FHA to do appraisals for property loans backed by them.
A portion of the periodic training our staff at GMA Appraisal Group completes deals exclusively with understanding the FHA's documentation and their rules and procedures.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your home loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to assist credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely beneficial to those homebuyers with less accessible starting capital.
