RK Appraisals is your FHA certified appraisal companyRest assured that RK Appraisals is an FHA-approved appraisal company in CA. RK Appraisals is certified and approved to do appraisal reports for FHA secured loans. A portion of the ongoing training our staff at RK Appraisals undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact RK Appraisals if you need an appraisal done for an FHA-secured loan. If your home loan is FHA approved, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to aid low-to-moderate income homebuyers help meet credit expectations if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting capital to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs. |