Need an appraisal for an FHA-backed mortgage? Call Steve Urenda

We confidently state that Steve Urenda is an FHA-approved appraisal practice in CA. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

The FHA is the Federal Housing Administration, which is a federal organization 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 money to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her financial obligations. Accessible to all homebuyers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

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 buyers with less accumulated cash.