We assure you that Provident Appraisal & Consulting Co. is an FHA-certified appraisal firm in Utah.
We're qualified and approved to do appraisal reports for FHA secured loans.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Provident Appraisal & Consulting Co. is well-trained on how to work in accordance with the rules and regulations provided.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The lender provides all the financing - the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are created to aid low-to-moderate income buyers by easing credit requirements.
Different from the VA appraiser panel, the lender working with FHA has the freedom to choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Those with lesser incomes or less starting money to put down on a mortgage are helped the most from FHA loan programs.