is California state certified and on the FHA Roster of approved residential appraisers.
This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them.
A certain amount of the regular training our staff at Sentry Appraisal Service receives deals precisely with comprehending the FHA's documentation and their rules and procedures.
An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
The lender takes care of all the money in the loan - the FHA simply insures the transaction with mortgage insurance in case the borrower defaults on his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can choose the appraiser.
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 FHA offers are incredibly helpful to consumers with minimal starting capital.
