Need an appraisal for an FHA-backed mortgage? Call City Appraisal - Long BeachRest assured that City Appraisal - Long Beach is an FHA-approved appraisal firm in California. We are certified and approved to do reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact City Appraisal - Long Beach if you need an appraisal done for an FHA-secured loan. If your loan is FHA approved, that means that the loan has been secured 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 protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and necessities for lending organizations 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 acutely helpful to purchasers with less starting capital. |