Need an appraisal for an FHA-backed mortgage? Call Steven Kjar Appraisals & Real EstateThe FHA retains of approved appraisers for each state - Steven Kjar Appraisals & Real Estate is on the roster of approved appraisers for UT. This means that we are qualified and approved by the FHA to do appraisals for property loans backed by them. Part of the ongoing training our staff at Steven Kjar Appraisals & Real Estate receives deals exclusively with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of 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 make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are extremely helpful to consumers with less starting capital. |