Need an appraisal for an FHA-backed mortgage? Call MORRIS APPRAISAL, INC.

The FHA publishes a list of approved appraisers for each state - MORRIS APPRAISAL, INC. is on the roster of approved appraisers for CA. This means that we are qualified and approved by the FHA to do reports for house loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact MORRIS APPRAISAL, INC. if you need an appraisal done for an FHA-secured loan.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender provides all the money in the loan; the FHA simply insures the transaction with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and necessities for lending agencies that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are particularly beneficial to those homebuyers with less accumulated starting capital.