![]() Need an appraisal for an FHA-backed mortgage? Call INGRAM & ASSOCIATESThe FHA retains of approved appraisers for each state - INGRAM & ASSOCIATES is on the roster of approved appraisers for CA. This means that we are certified and approved by the FHA to do reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at INGRAM & ASSOCIATES is well-trained on how to follow the rules and regulations provided. Be sure to contact INGRAM & ASSOCIATES if you need an appraisal done for an FHA-secured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending organizations 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 useful to those consumers with less accessible cash. |