Ames Appraisal Inc. is your FHA certified appraisal companyWe are happy to say that Ames Appraisal Inc. is an FHA-approved appraisal provider in ID. We're qualified and approved to do appraisals for FHA insured loans. A certain amount of the continuing training our staff at Ames Appraisal Inc. undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures. If you're in need of a report for an FHA loan, please contact us, and we'll be able to help you right away. The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lending organizations 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 provides are incredibly beneficial to buyers with less starting capital. |