The FHA publishes a list of approved appraisers for each state - Salt Lake Appraising Company is on the roster of approved appraisers for Utah.
If you have an FHA-insured mortgage, be sure to get with Salt Lake Appraising Company, as we are approved and qualified to handle FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath 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 backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan.
Available to all buyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can pick 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 extremely helpful to those purchasers with less accessible cash.
