Need an appraisal for an FHA-backed mortgage? Call Lightspeed Appraisal GroupWe assure you that Lightspeed Appraisal Group is an FHA-approved appraisal service in CO. Lightspeed Appraisal Group is qualified and approved to do appraisal reports for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Lightspeed Appraisal Group is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Lightspeed Appraisal Group if you need an appraisal done for an FHA-secured loan. If your home loan is FHA certified, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration offers are exceedingly helpful to purchasers with less starting income. |