Holbrook and Associates can do FHA mortgages
Holbrook and Associates is AZ state certified and on the FHA Roster of approved residential appraisers. Holbrook and Associates is certified and approved to do appraisal reports for FHA secured financial transactions. A certain amount of the periodic training our staff at Holbrook and Associates undergoes deals precisely with understanding the FHA's documentation and their rules and procedures.
If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
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-secured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and necessities for lending organizations that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those homebuyers with less accessible starting capital.