The FHA keeps a list of approved appraisers for each state - Gutierrez Appraisals is on the roster of approved appraisers for California.
We're certified and approved to do appraisals for FHA secured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
The lending company provides all the money in the loan - the FHA simply secures the loan with mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income borrowers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lender working with Federal Housing Administration has the freedom to choose the appraiser.
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 accumulated funding.
