Cory Chase is your FHA certified appraisal companyRest assured that Cory Chase is an FHA-approved appraisal service in CA. This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Cory Chase is well-trained on how to comply with the rules and regulations provided. If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is insured by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to aid low-to-moderate income purchasers help meet credit expectations if 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 extremely useful to those consumers with less accessible funding. |