We are happy to say that Mike Retzloff Appraisal Service is an FHA-certified appraisal practice in California.
If you have an FHA-loan, be sure to get with Mike Retzloff Appraisal Service, as we are approved and certified to produce FHA reports.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Mike Retzloff Appraisal Service is well-trained on how to follow the rules and regulations provided.
If your property loan is FHA insured, 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).
No part of the loan is provided by the FHA. What the FHA does is see to it that the loan is paid for in case the borrower defaults on his or her loan obligations.
Available to all consumers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lending organization approving a loan associated with the FHA is permitted to pick their appraisers, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly useful to those consumers with less available funding.
