Altitude AppraisalAltitude Appraisal is UT state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured mortgage, be sure to call Altitude Appraisal , as we are approved and qualified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Altitude Appraisal is well-trained on how to comply with the rules and regulations provided. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. If your house loan is FHA insured, that means that the loan has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending company provides all the money in the loan; the FHA simply backs the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Available to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting funds to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs. |