Need an appraisal for an FHA-backed mortgage? Call Camelot AppraisalsThe FHA maintains of approved appraisers for each state - Camelot Appraisals is on the roster of approved appraisers for AZ. This indicates that we are certified and approved by the FHA to do reports for property loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Camelot Appraisals if you need an appraisal done for an FHA-secured loan. If your house loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and requirements for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly beneficial to those purchasers with less accumulated funding. |