is Colorado state certified and on the FHA Roster of approved residential appraisers.
Mountain High Appraisals, LLC is qualified and approved to do appraisals for FHA secured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your home loan is FHA approved, that means that the loan has been secured 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 make sure that the mortgage is secure in case the borrower doesn't pay their loan.
The FHA and their loan programs are designed to help low-to-moderate income homebuyers by easing credit requirements.
Remember, the FHA is different from the VA appraiser panel in that the lender can select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
Purchasers with lower incomes or less starting money to put down on a financial transaction are assisted the most from FHA loan programs.