Utah Estate and Trust Appraisals is approved for FHA loans
The FHA maintains of approved appraisers for each state - Utah Estate and Trust Appraisals is on the roster of approved appraisers for UT. If you have an FHA-secured loan, be sure to get with Utah Estate and Trust Appraisals, as we are approved and qualified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Utah Estate and Trust Appraisals is well-trained on how to work in accordance with the rules and regulations provided.
Be sure to contact Utah Estate and Trust Appraisals if you need an appraisal done for an FHA-secured loan.
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 financial transaction is an FHA-insured loan, it means it is secured by them. The lending company provides all the finances; the FHA simply backs the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to benefit low-to-moderate income consumers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are exceedingly helpful to purchasers with less starting capital.