Slater Real Estate Services is ready for your FHA work
The FHA keeps a roster of approved appraisers for each state - Slater Real Estate Services is on the roster of approved appraisers for CO. We're qualified and approved to do appraisals for FHA insured loans. A portion of the continuing training our staff at Slater Real Estate Services receives deals strictly with decoding 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.
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 financial transaction is an FHA-secured loan, it means it is backed by them. The lending company takes care of all the finances; the FHA simply secures the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to assist low-to-moderate income purchasers help meet credit qualifications if 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 extremely beneficial to those consumers with less accessible starting capital.