Need an appraisal for an FHA-backed mortgage? Call 4720 Enterprises, Inc.
The FHA publishes a list of approved appraisers for each state - 4720 Enterprises, Inc. is on the roster of approved appraisers for CO. If you have an FHA-insured mortgage, be sure to call 4720 Enterprises, Inc., as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at 4720 Enterprises, Inc. is well-trained on how to work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your loan is FHA certified, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). No part of 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. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and requirements for lending organizations 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 incredibly beneficial to those homebuyers with less accumulated cash.