Herzog Appraisals, LLC is available for your FHA mortgagesHerzog Appraisals, LLC is CO state certified and on the FHA Roster of approved residential appraisers. Herzog Appraisals, LLC is certified and approved to do appraisals for FHA secured financial transactions. A certain amount of the continuing training our staff at Herzog Appraisals, LLC completes deals exclusively with decoding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower defaults on his or her loan obligations. Accessible to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |