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. This means that we are certified and approved by the FHA to do appraisals for home loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Slater Real Estate Services is well-trained on how to follow the rules and regulations provided.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
If your financial transaction is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to help low-to-moderate income purchasers help meet credit expectations if 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 acutely useful to buyers with less starting income.