The FHA retains the rolls of approved appraisers for each state - Walker Appraisal Services is on the roster of approved appraisers for California. If you have an FHA-secured loan, be sure to hire Walker Appraisal Services, as we are approved and qualified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Walker Appraisal Services is well-trained on how to follow the rules and regulations provided.
If your house loan is FHA certified, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA. What the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to help credit-worthy families and individuals get approved for mortgages that they otherwise would not. Remember that the lending agency approving a loan backed by the FHA is allowed to pick which appraisers they will use, different from VA appraisal panel. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are invaluable to buyers with less starting income.