RCO AppraisalsThe FHA retains of approved appraisers for each state - RCO Appraisals is on the roster of approved appraisers for CA. This indicates that we are certified and approved by the FHA to do appraisal reports for house loans insured by them. Part of the ongoing training our staff at RCO Appraisals completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 loan is an FHA loan, it means it is backed by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Available to all purchasers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting capital to use as a down-payment on a loan are assisted the most from FHA loan programs. |