The FHA maintains a roster of approved appraisers for each state - Realtech Properties is on the roster of approved appraisers for Colorado.
Realtech Properties is qualified and approved to do appraisal reports for FHA insured financial transactions.
A certain amount of the ongoing training our staff at Realtech Properties completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lenders with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations.
Available to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending agency working with FHA is allowed to choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration provides are invaluable to consumers with less starting capital.
