Appraise Colorado Inc
Appraise Colorado Inc is CO state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-loan, be sure to hire Appraise Colorado Inc, as we are approved and certified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
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). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. The FHA and their loan programs are built to aid low-to-moderate income buyers help meet credit requirements if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lesser income or less starting capital to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.