Need an appraisal for an FHA-backed mortgage? Call Chaffey Appraisal, LLCWe are happy to say that Chaffey Appraisal, LLC is an FHA-approved appraisal practice in AZ. If you have an FHA-insured mortgage, be sure to get with Chaffey Appraisal, LLC, as we are approved and certified to perform FHA reports. A certain amount of the periodic training our staff at Chaffey Appraisal, LLC undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to benefit low-to-moderate income purchasers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are acutely beneficial to buyers with less starting income. |