Rest assured that Sean Comerford is an FHA-certified appraisal company in Arizona.
We're certified and approved to do appraisals for FHA secured financial transactions.
A portion of the periodic training our staff at Sean Comerford undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.
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 insured by them.
None of the money in the loan is provided by the FHA. What the FHA does is see to it that the mortgage is insured in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are created to assist low-to-moderate income purchasers by easing credit qualifications.
Remember that the lending organization approving a loan backed by the Federal Housing Administration is free to choose which appraisers they will use, unlike the VA appraisal panel.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are particularly useful to those homebuyers with less available funding.
