is Arizona state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-insured mortgage, be sure to call Pinnacle Peak Appraisal, as we are approved and qualified to produce FHA reports.
Part of the periodic training our staff at Pinnacle Peak Appraisal undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.
An FHA loan is insured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her financial obligations.
Low-income and moderate-income borrowers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember that the lending agency approving a loan associated with the FHA is permitted to pick which appraisers they will use, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the FHA provides are extremely useful to buyers with minimal starting capital.