Need an appraisal for an FHA-backed mortgage? Call 4720 Enterprises, Inc.
We confidently state that 4720 Enterprises, Inc. is an FHA-approved appraisal practice in CO. This means that we are certified and approved by the FHA to do reports for property loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.
If your loan is FHA insured, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Applicable to all consumers, FHA loan programs are created to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
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 helpful to those purchasers with less accessible starting capital.