We confidently state that CZ Appraisal is an FHA-approved appraisal company in VA. If you have an FHA-secured loan, be sure to call CZ Appraisal, as we are approved and certified to handle FHA appraisals. Part of the continuing training our staff at CZ Appraisal receives deals precisely with comprehending the FHA’s documentation and their rules and procedures.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are 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 created to assist 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. Consumers with lower income or less starting money to put down on a financial transaction benefit the most from FHA loan programs.