Need an appraisal for an FHA-backed mortgage? Call The Mason Group
We assure you that The Mason Group is an FHA-approved appraisal practice in California. This means that we are qualified and approved by the FHA to do appraisals for property loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. We Specialize in Los Angeles County and Riverside County for FHA real estate appriasals.
If your property loan is FHA approved, that means that it 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 provide funds to borrowers. Rather, it provides lending organizations with protection with mortgage insurance in case the borrower does not pay his or her financial obligations. Applicable to all buyers, FHA loan programs are made to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Different from the VA appraiser panel, the lender working with FHA has the freedom to select the appraiser.Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lesser incomes or less starting funds to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs.