Need an appraisal for an FHA-backed mortgage? Call Yellow House Appraisals

The FHA retains of approved appraisers for each state - Yellow House Appraisals is on the roster of approved appraisers for CA. If you have an FHA-insured mortgage, be sure to contact Yellow House Appraisals, as we are approved and certified to produce FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Yellow House Appraisals is well-trained on how to follow the rules and regulations provided.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA provides are exceedingly beneficial to purchasers with less starting income.