Need an appraisal for an FHA-backed mortgage? Call Appraisals by Kana, LLC
Appraisals by Kana, LLC is LA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do reports for property loans insured by them. Part of the ongoing training our staff at Appraisals by Kana, LLC completes deals exclusively with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is backed by them. The FHA does not loan funds to borrowers, rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all purchasers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lower income or less starting funds to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs.