Need an appraisal for an FHA-backed mortgage? Call 360 APPRAISALS INC

360 APPRAISALS INC is VA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured mortgage, be sure to contact 360 APPRAISALS INC, as we are approved and qualified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at 360 APPRAISALS INC is well-trained on how to follow the rules and regulations provided.

If your financial transaction is FHA approved, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are incredibly helpful to those purchasers with less available funding.