Need an appraisal for an FHA-backed mortgage? Call Appraisals by Kana, LLC
The FHA keeps a roster of approved appraisers for each state - Appraisals by Kana, LLC is on the roster of approved appraisers for LA. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Appraisals by Kana, LLC is well-trained on how to follow the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy potential buyers 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 FHA offers are exceedingly helpful to purchasers with less starting income.