Need an appraisal for an FHA-backed mortgage? Call Appraisals by Kana, LLC
Rest assured that Appraisals by Kana, LLC is an FHA-approved appraisal company in LA. This indicates that we are qualified and approved by the FHA to do appraisals for house loans underwritten by them. Part of the regular training our staff at Appraisals by Kana, LLC receives deals precisely with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Appraisals by Kana, LLC if you need an appraisal done for an FHA-secured loan.
If your house loan is FHA insured, that means that the loan has been guaranteed by the FHA, 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 lending agencies with safety with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are extremely helpful to consumers with less starting capital.