Verschelden Appraisals

Verschelden Appraisals is California state certified and on the FHA Roster of approved residential appraisers.  If you have an FHA-secured loan, be sure to contact Verschelden Appraisals, as we are approved and certified to perform FHA reports. A certain amount of the ongoing training our staff at Verschelden Appraisals undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures.

Be sure to contact Verschelden Appraisals if you need an appraisal done for an FHA-secured 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-insured loan, it means it is secured by them. The lending organization provides all the loaned money - the FHA simply backs the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit the most from FHA-backed loan programs. The point of the Federal Housing Administration is to aid credit-worthy consumers get approved for mortgages that they otherwise would not. Remember that the lender approving a loan associated with the FHA is able to pick which appraisers they will use, unlike the VA appraisal panel.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those homebuyers with less accessible cash.