Rest assured that ASA Appraisal Services, Inc is an FHA-certified appraisal company in Colorado.
We're qualified and approved to do appraisal reports for FHA secured loans.
A certain amount of the periodic training our staff at ASA Appraisal Services, Inc completes deals precisely with comprehending the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your financial transaction is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending organizations with protection with mortgage insurance in case the borrower defaults on his or her financial obligations.
The FHA and their loan programs are designed to benefit low-to-moderate income buyers by easing credit requirements.
Remember that the lending organization approving a loan associated with the Federal Housing Administration is authorized to pick their appraisers, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the FHA offers are invaluable to consumers with less starting capital.