Barefoot Appraisal Services is your FHA certified appraisal companyBarefoot Appraisal Services is CA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Barefoot Appraisal Services, as we are approved and certified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Barefoot Appraisal Services is well-trained on how to follow the rules and regulations provided. Be sure to contact Barefoot Appraisal Services if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting capital to use as a down-payment on a mortgage are assisted the most from FHA loan programs. |