Need an appraisal for an FHA-backed mortgage? Call James P Spas & AssociatesThe FHA publishes a list of approved appraisers for each state - James P Spas & Associates is on the roster of approved appraisers for CA. We're certified and approved to do reports for FHA secured loans. Part of the ongoing training our staff at James P Spas & Associates completes deals strictly with comprehending the FHA's documentation and their rules and procedures. If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is underwritten by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to assist low-to-moderate income consumers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those consumers with less accumulated starting capital. |