Need an appraisal for an FHA-backed mortgage? Call Vito Mandato AppraiserThe FHA keeps a roster of approved appraisers for each state - Vito Mandato Appraiser is on the roster of approved appraisers for CA. This means that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. 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-secured loan, it means it is secured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those consumers with less accessible starting capital. |