Need an appraisal for an FHA-backed mortgage? Call Eagle Appraisal Services

The FHA publishes a list of approved appraisers for each state - Eagle Appraisal Services is on the roster of approved appraisers for CA. We are qualified and approved to do reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Consumers with lower income or less starting capital to put down on a mortgage are assisted the most from Federal Housing Administration loan programs.