We are happy to say that Centennial Appraisal Group, Inc. is an FHA-certified appraisal firm in Colorado.
This means that we are qualified and approved by the FHA to do appraisal reports for house loans underwritten by them.
A certain amount of the periodic training our staff at Centennial Appraisal Group, Inc. completes deals precisely with decoding the FHA's documentation and their rules and procedures.
||If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your financial transaction is FHA approved, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is make sure that the loan is insured in case the borrower doesn't pay their loan.
Available to all homebuyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lending agency working with FHA actually has the freedom to select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA offers are invaluable to purchasers with minimal starting income.