Need an appraisal for an FHA-backed mortgage? Call Ulrich Appraisals LLCThe FHA publishes a list of approved appraisers for each state - Ulrich Appraisals LLC is on the roster of approved appraisers for CA. This means that we are certified and approved by the FHA to do appraisals for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Ulrich Appraisals LLC if you need an appraisal done for an FHA-secured loan. 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 loan is an FHA loan, it means it is underwritten by them. The FHA does not provide funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are formed to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are extremely beneficial to consumers with less starting income. |