Need an appraisal for an FHA-backed mortgage? Call Zing Appraisals LLCWe are happy to say that Zing Appraisals LLC is an FHA-certified appraisal company in CO. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is underwritten by them. The FHA does not loan capital to borrowers, rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income purchasers help meet credit requirements if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly helpful to those consumers with less accumulated funding. |