The FHA retains the rolls of approved appraisers for each state - CC Real Estate Services is on the roster of approved appraisers for Wisconsin.
This indicates that we are certified and approved by the FHA to do appraisal reports for home loans backed by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at CC Real Estate Services is well-trained on how to comply with the rules and regulations provided.
If your financial transaction is FHA approved, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lending organizations with protection through mortgage insurance in case the borrower defaults on his or her financial obligations.
Accessible to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember that the lender approving a loan backed by the FHA is allowed to pick their appraisers, unlike the VA appraisal panel.
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 buyers with less accessible funding.
