Need an appraisal for an FHA-backed mortgage? Call Revis Appraisal ServicesRevis Appraisal Services is CA state certified and on the FHA Roster of approved residential appraisers. We're certified and approved to do reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Revis Appraisal Services is well-trained on how to comply with the rules and regulations provided. Be sure to contact Revis Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lending agencies that 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 particularly helpful to those buyers with less available starting capital. |