Need an appraisal for an FHA-backed mortgage? Call Waters Appraisal

We confidently state that Waters Appraisal is an FHA-certified appraisal service in California.  This indicates that we are qualified and approved by the FHA to do reports for property loans insured by them. 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.

If your property loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers. Rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all consumers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Unlike the VA appraiser panel, the lending agency working with FHA actually has the freedom to select the appraiser.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA offers are lifesavers to purchasers with minimal starting income.