We are happy to say that Ballew & Company is an FHA-approved appraisal practice in California.
If you have an FHA-insured mortgage, be sure to call Ballew & Company, as we are approved and certified to perform FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Ballew & Company is well-trained on how to comply with the rules and regulations provided.
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-insured loan, it means it is insured by them.
The lending organization takes care of all the loaned money - the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are designed to help low-to-moderate income buyers by easing credit requirements.
Unlike the VA appraiser panel, the lender working with FHA actually has the ability to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration provides are extremely helpful to purchasers with minimal starting income.
