North State Appraisals is ready for your FHA work

North State Appraisals is CA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to contact North State Appraisals, as we are approved and certified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at North State Appraisals is well-trained on how to follow 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements 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. Purchasers with lesser income or less starting funds to put down on a mortgage are assisted the most from Federal Housing Administration loan programs.