Tri City Appraisers is approved for FHA appraisals
Tri City Appraisers is AZ state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to call Tri City Appraisers, as we are approved and certified to produce FHA appraisal reports. A certain amount of the continuing training our staff at Tri City Appraisers receives deals strictly with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lenders with security by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income homebuyers help meet credit requirements if 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. Buyers with lesser income or less starting capital to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.