The FHA keeps a roster of approved appraisers for each state - GOLDEN APPRAISALS, LLC is on the roster of approved appraisers for Oregon.
If you have an FHA-loan, be sure to get with GOLDEN APPRAISALS, LLC, as we are approved and certified to handle FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured by the Federal Housing Administration, a federal agency 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 make sure that the mortgage is secure in case the borrower doesn't pay their loan.
Available to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can select 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.
FHA loan programs are particularly useful to those homebuyers with less available starting capital.