Need an appraisal for an FHA-backed mortgage? Call Nick PappasThe FHA maintains of approved appraisers for each state - Nick Pappas is on the roster of approved appraisers for CA. If you have an FHA-mortgage, be sure to get with Nick Pappas, as we are approved and certified to perform FHA reports. Part of the regular training our staff at Nick Pappas undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures. Be sure to contact Nick Pappas if you need an appraisal done for an FHA-secured loan. 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. The lender provides all the finances; the FHA simply secures the loan with mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are formed to help low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are incredibly beneficial to consumers with less starting capital. |