Need an appraisal for an FHA-backed mortgage? Call Slater Real Estate Services
Rest assured that Slater Real Estate Services is an FHA-certified appraisal firm in CO. We are qualified and approved to do appraisal reports for FHA secured financial transactions. A certain amount of the regular training our staff at Slater Real Estate Services completes deals precisely with understanding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
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). The lending organization provides all the money in the loan; the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those buyers with less available starting capital.