Need an appraisal for an FHA-backed mortgage? Call Slater Real Estate Services
The FHA maintains of approved appraisers for each state - Slater Real Estate Services is on the roster of approved appraisers for CO. We're certified and approved to do appraisal reports for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Be sure to contact Slater Real Estate Services if you need an appraisal done for an FHA-secured loan.
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 loan, it means it is underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to benefit low-to-moderate income consumers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting funds to put down on a loan benefit the most from Federal Housing Administration loan programs.