The FHA publishes a roster of approved appraisers for each state - Stasenka Appraisal Service LLC is on the roster of approved appraisers for Colorado.
If you have an FHA-secured loan, be sure to contact Stasenka Appraisal Service LLC, as we are approved and qualified to produce FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your house loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not provide funds to borrowers. Rather, it provides lenders with security with mortgage insurance in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending agency working with FHA has the ability to choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are incredibly helpful to those homebuyers with less accumulated starting capital.
