Need an appraisal for an FHA-backed mortgage? Call Tam Appraisal ServicesThe FHA keeps a roster of approved appraisers for each state - Tam Appraisal Services is on the roster of approved appraisers for CA. If you have an FHA-insured mortgage, be sure to contact Tam Appraisal Services, as we are approved and qualified to produce FHA appraisals. A portion of the ongoing training our staff at Tam Appraisal Services undergoes deals precisely 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. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and necessities for lending agencies that 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. FHA loan programs are incredibly beneficial to those homebuyers with less accessible funding. |