Need an appraisal for an FHA-backed mortgage? Call Bonnet AppraisalsWe assure you that Bonnet Appraisals is an FHA-certified appraisal practice in LA. If you have an FHA-secured loan, be sure to contact Bonnet Appraisals, as we are approved and certified to handle FHA appraisals. Part of the ongoing training our staff at Bonnet Appraisals receives deals precisely with comprehending the FHA's documentation and their rules and procedures. If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs. |