We confidently state that Alpine View Appraisals is an FHA-certified appraisal firm in Utah.
This means that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Alpine View Appraisals is well-trained on how to follow the rules and regulations provided.
If your loan is FHA approved, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The lending company takes care of all the money in the loan - the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income consumers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Remember, the FHA is different from the VA appraiser panel in that the lending agency can choose 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 Federal Housing Administration provides are incredibly beneficial to buyers with minimal starting income.