Slater Real Estate Services is your FHA certified appraisal company
Slater Real Estate Services is CO state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do appraisals for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you need 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 certified, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the loaned money; the FHA simply insures the loan 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 loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and necessities for lending agencies that they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are acutely useful to consumers with less starting capital.