Need an appraisal for an FHA-backed mortgage? Call Optimum AppraisalOptimum Appraisal is IA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to get with Optimum Appraisal, as we are approved and qualified to handle FHA appraisals. A portion of the continuing training our staff at Optimum Appraisal undergoes deals exclusively with understanding the FHA's documentation and their rules and procedures. If you're in need of 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is backed by them. The lending company takes care of all the money in the loan; the FHA simply secures the transaction by providing 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 buyers 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. Purchasers with lesser income or less starting capital to use as a down-payment on a loan are helped the most from Federal Housing Administration loan programs. |