is California state certified and on the FHA Roster of approved residential appraisers.
This means that we are certified and approved by the FHA to do reports for property loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Bradley & Associates is well-trained on how to follow the rules and regulations provided.
If your home loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
No part of 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.
The FHA and their loan programs are formed to help low-to-moderate income consumers by easing credit qualifications.
Remember that the lending agency working with the the Federal Housing Administration is allowed to pick their appraisers, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are particularly helpful to those purchasers with less available funding.
