MacBride AppraisalMacBride Appraisal is CA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to get with MacBride Appraisal, as we are approved and qualified to produce FHA appraisal reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 backed by them. The lending company provides all the finances; the FHA simply secures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely useful to those purchasers with less accessible funding. |