Chase Appraisal ServiceRest assured that Chase Appraisal Service is an FHA-approved appraisal firm in LA. Chase Appraisal Service is certified and approved to do reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Chase Appraisal Service is well-trained on how to comply with the rules and regulations provided. Be sure to contact Chase Appraisal Service if you need an appraisal done for an FHA-secured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is secured by them. The FHA does not loan money to borrowers, rather, it provides lending agencies with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and necessities 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 incredibly useful to those purchasers with less accessible starting capital. |