Rest assured that Metropolis Appraisal Inc is an FHA-approved appraisal service in Colorado.
Metropolis Appraisal Inc is qualified and approved to do reports for FHA secured financial transactions.
A certain amount of the regular training our staff at Metropolis Appraisal Inc completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.
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 financial transaction is an FHA-secured loan, it means it is insured by them.
None of the money in the loan is provided by the FHA. What the FHA does is make sure that the mortgage is paid for in case the borrower doesn't pay their loan.
The FHA and their loan programs are built to assist low-to-moderate income buyers by easing credit qualifications.
Remember, the FHA differs from the VA appraiser panel in that the lending organization can pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration offers are invaluable to purchasers with less starting income.
