Need an appraisal for an FHA-backed mortgage? Call Slater Real Estate Services
Slater Real Estate Services is CO state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisal reports for FHA insured loans. A certain amount of the ongoing training our staff at Slater Real Estate Services undergoes deals strictly with decoding the FHA's documentation and their rules and procedures.
Be sure to contact Slater Real Estate Services if you need an appraisal done for an FHA-secured loan.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lending organizations that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are exceedingly beneficial to buyers with less starting capital.