Need an appraisal for an FHA-backed mortgage? Call Sherri SommerThe FHA retains of approved appraisers for each state - Sherri Sommer is on the roster of approved appraisers for AZ. This indicates that we are qualified and approved by the FHA to do appraisals for house loans insured by them. A certain amount of the ongoing training our staff at Sherri Sommer undergoes deals precisely with decoding the FHA's documentation and their rules and procedures. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to help low-to-moderate income consumers 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. Buyers with lesser income or less starting capital to use as a down-payment on a loan are assisted the most from FHA loan programs. |