Need an appraisal for an FHA-backed mortgage? Call 4720 Enterprises, Inc.
Rest assured that 4720 Enterprises, Inc. is an FHA-certified appraisal company in CO. If you have an FHA-secured mortgage, be sure to contact 4720 Enterprises, Inc., as we are approved and qualified to perform FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at 4720 Enterprises, Inc. is well-trained on how to follow the rules and regulations provided.
If you need 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 agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is secured by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and qualifications for lending agencies 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. Consumers with lesser income or less starting funds to put down on a financial transaction benefit the most from FHA loan programs.