Consult 7 can do FHA mortgagesWe assure you that Consult 7 is an FHA-certified appraisal practice in CO. This means that we are qualified and approved by the FHA to do appraisals for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Consult 7 if you need an appraisal done for an FHA-secured loan. If your home loan is FHA insured, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply backs the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Applicable to all consumers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are exceedingly beneficial to consumers with less starting capital. |