Adams AppraisalsThe FHA maintains of approved appraisers for each state - Adams Appraisals is on the roster of approved appraisers for CA. Adams Appraisals is qualified and approved to do appraisal reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Adams Appraisals is well-trained on how to comply with the rules and regulations provided. Be sure to contact Adams Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and qualifications for lenders that 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. Purchasers with lesser income or less starting capital to use as a down-payment on a financial transaction are helped the most from FHA loan programs. |