Need an appraisal for an FHA-backed mortgage? Call Grandview Appraisal Group
Rest assured that Grandview Appraisal Group is an FHA-approved appraisal company in AZ. If you have an FHA-mortgage, be sure to contact Grandview Appraisal Group, as we are approved and qualified to handle FHA appraisal reports. Part of the continuing training our staff at Grandview Appraisal Group receives deals precisely with understanding the FHA's documentation and their rules and procedures.
If you need an 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 financial transaction is an FHA loan, it means it is underwritten by them. The lender takes care of all the finances; the FHA simply secures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. 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. Those with lesser income or less starting capital to put down on a mortgage are helped the most from FHA loan programs.