The FHA publishes the rolls of approved appraisers for each state - Jerry H. Shawcroft is on the roster of approved appraisers for Colorado. He is certified and approved to do reports for FHA secured loans. A portion of the regular training our staff at MG Mullins & Company completes deals precisely with understanding the FHA's documentation and their rules and procedures.
 |
 |
 |
Be sure to contact MG Mullins & Company if you need an appraisal done for an FHA-secured loan. |
|
|
An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers. Rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all buyers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA deviates from the VA appraiser panel in that the lender can select the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are incredibly helpful to purchasers with less starting income.