Need an appraisal for an FHA-backed mortgage? Call Appraisals by Kana, LLC
Appraisals by Kana, LLC is LA state certified and on the FHA Roster of approved residential appraisers. Appraisals by Kana, LLC is qualified and approved to do reports for FHA secured loans. A certain amount of the regular training our staff at Appraisals by Kana, LLC receives deals exclusively with decoding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those consumers with less available starting capital.