Need an appraisal for an FHA-backed mortgage? Call Peter M. Cella AppraisalsWe assure you that Peter M. Cella Appraisals is an FHA-approved appraisal firm in CA. This indicates that we are certified and approved by the FHA to do appraisals for house loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Peter M. Cella Appraisals 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 financial transaction is an FHA loan, it means it is secured by them. None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are designed to aid low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely useful to those consumers with less available funding. |