is Colorado state certified and on the FHA Roster of approved residential appraisers.
Grand Mesa Appraisals, Inc. is qualified and approved to do appraisals for FHA secured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan.
The FHA and their loan programs are formed to assist low-to-moderate income buyers by easing credit expectations.
Remember that the lending agency approving a loan associated with the FHA is allowed to pick which appraisers they will use, different from VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are particularly beneficial to those consumers with less accumulated cash.
