Eric Ford is your FHA certified appraisal companyRest assured that Eric Ford is an FHA-approved appraisal practice in CA. This means that we are qualified and approved by the FHA to do appraisals for house loans insured by them. A certain amount of the ongoing training our staff at Eric Ford completes deals exclusively with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply secures the loan by providing 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 point of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and qualifications for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are exceedingly useful to consumers with less starting capital. |