Houghton AppraisalsThe FHA publishes a list of approved appraisers for each state - Houghton Appraisals is on the roster of approved appraisers for ID. This indicates that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Houghton Appraisals if you need an appraisal done for an FHA-secured loan. If your home loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with security with mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all purchasers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those consumers with less accumulated starting capital. |