Appraisals by Kana, LLC is approved for FHA appraisals
We assure you that Appraisals by Kana, LLC is an FHA-certified appraisal company in LA. This indicates that we are certified and approved by the FHA to do reports for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Appraisals by Kana, LLC is well-trained on how to follow the rules and regulations provided.
Be sure to contact Appraisals by Kana, LLC if you need an appraisal done for an FHA-secured loan.
If your home 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). The lender provides all the finances; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those purchasers with less accumulated starting capital.