Need an appraisal for an FHA-backed mortgage? Call Bowers Real Estate & Appraisal ServicesWe confidently state that Bowers Real Estate & Appraisal Services is an FHA-approved appraisal company in CA. If you have an FHA-insured mortgage, be sure to contact Bowers Real Estate & Appraisal Services, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Bowers Real Estate & Appraisal Services is well-trained on how to comply with the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your home loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting money to put down on a financial transaction benefit the most from Federal Housing Administration loan programs. |