Great Estates, Inc. is approved for FHA appraisals
We assure you that Great Estates, Inc. is an FHA-certified appraisal service in CO. This indicates that we are qualified and approved by the FHA to do appraisals for house loans backed by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your loan is FHA certified, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all homebuyers, FHA loan programs are formed 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 extremely helpful to those homebuyers with less available cash.