is CO state certified and on the FHA Roster of approved residential appraisers. Grantham Appraisal Service is qualified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Grantham Appraisal Service is well-trained on how to follow the rules and regulations provided.
If your property loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lending agencies that they otherwise would not. Remember, the FHA differs from the VA appraiser panel in that the lender can select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lesser income or less starting funds to put down on a mortgage are assisted the most from FHA loan programs.
