Need an appraisal for an FHA-backed mortgage? Call Slater Real Estate Services
Rest assured that Slater Real Estate Services is an FHA-approved appraisal provider in CO. This means that we are qualified and approved by the FHA to do reports for house loans backed by them. A portion of the continuing training our staff at Slater Real Estate Services undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your property loan is FHA approved, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit expectations if 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. FHA loan programs are particularly helpful to those homebuyers with less accumulated starting capital.