Valicity LLCWe assure you that Valicity LLC is an FHA-certified appraisal firm in CA. This indicates that we are certified and approved by the FHA to do appraisals for property loans backed by them. A certain amount of the periodic training our staff at Valicity LLC undergoes deals precisely with understanding 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. 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-secured loan, it means it is underwritten by them. The FHA does not loan money to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are incredibly beneficial to purchasers with less starting capital. |