FHA Approved

SF Bay Appraisal is FHA Approved. Our company is on the HUD FHA Roster of approved residential appraisers. We are qualified and approved to do appraisals for FHA insured loans. We’re trained and understand the rules and procedures in FHA’s guidance and policy documents.  

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraiser.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

The FHA requires a specific FHA appraisal for their loans to both appraise the market value of the property AND to determine if the home meets the General Acceptability Criteria established by the U.S. Department of Housing and Urban Development (HUD).

SF Bay Appraisal is qualified and approved to do appraisals for FHA insured loans. We’re trained and understand the rules and procedures in FHA’s guidance and policy documents.  If you’re in need of an appraisal for an FHA loan, please CONTACT US.