Elite AppraisalsWe assure you that Elite Appraisals is an FHA-approved appraisal company in OR. We're qualified and approved to do appraisal reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Elite Appraisals is well-trained on how to work in accordance with the rules and regulations provided. If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. If your loan is FHA approved, 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). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Applicable to all purchasers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are acutely helpful to purchasers with less starting capital. |