We assure you that John Henke, SRA is an FHA-approved appraisal provider in California.
We're qualified and approved to do appraisal reports for FHA insured loans.
A certain amount of the regular training our staff at John Henke, SRA undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.
||If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your house 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 lending company takes care of all the funds being borrowed - the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are designed to aid low-to-moderate income buyers by easing credit qualifications.
Remember that the lender working with the the Federal Housing Administration is authorized to select which appraisers they will use, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are particularly helpful to those homebuyers with less available funding.