Chatterton AppraisalsRest assured that Chatterton Appraisals is an FHA-approved appraisal company in ID. We're qualified and approved to do appraisal reports for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Chatterton Appraisals is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Chatterton Appraisals if you need an appraisal done for an FHA-secured 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 loan, it means it is backed by them. The FHA does not loan money to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are created to benefit low-to-moderate income purchasers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are excessively helpful to consumers with less starting income. |