Bosworth AppraisalsBosworth Appraisals is CA state certified and on the FHA Roster of approved residential appraisers. Bosworth Appraisals is qualified and approved to do appraisals for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured 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-insured loan, it means it is secured by them. The lending organization provides all the loaned money; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to help low-to-moderate income purchasers 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 FHA offers are exceedingly useful to buyers with less starting income. |