Need an appraisal for an FHA-backed mortgage? Call Gaile SpalioneGaile Spalione is CA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with Gaile Spalione, as we are approved and qualified to perform FHA appraisals. A portion of the continuing training our staff at Gaile Spalione completes deals precisely with decoding the FHA's documentation and their rules and procedures. Be sure to contact Gaile Spalione if you need an appraisal done for an FHA-secured loan. If your house loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending agencies with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting money to use as a down-payment on a financial transaction benefit the most from FHA loan programs. |