is Arizona state certified and on the FHA Roster of approved residential appraisers.
Desert West Appraisal Services is certified and approved to do appraisal reports for FHA insured loans.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Desert West Appraisal Services is well-trained on how to follow the rules and regulations provided.
If your home loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The lender takes care of all the money in the loan - the FHA simply insures the loan with mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are designed to benefit low-to-moderate income homebuyers by easing credit requirements.
Remember, the FHA deviates from the VA appraiser panel in that the lender can choose the appraisal company.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are extremely useful to those consumers with less accessible funding.
