Need an appraisal for an FHA-backed mortgage? Call Barnett AppraisalsRest assured that Barnett Appraisals is an FHA-approved appraisal service in CA. This indicates that we are qualified and approved by the FHA to do appraisals for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Barnett Appraisals is well-trained on how to work in accordance with the rules and regulations provided. 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 secured by them. The lender takes care of all the finances; the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending agencies that they otherwise would not. 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 provides are extremely beneficial to purchasers with less starting capital. |