is Idaho state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-insured loan, be sure to call Fields Appraisal Services, as we are approved and certified to handle FHA appraisal reports.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Fields Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.
If your property loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to help credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can pick the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
Those with lower incomes or less starting capital to put down on a mortgage are helped the most from Federal Housing Administration loan programs.