Need an appraisal for an FHA-backed mortgage? Call Marcelaenely's AppraisalsMarcelaenely's Appraisals is CA state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Marcelaenely's Appraisals is well-trained on how to follow the rules and regulations provided. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible to all purchasers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting funds to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs. |