Rest assured that Keys & Associates is an FHA-approved appraisal service in Colorado.
We are qualified and approved to do reports for FHA secured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Keys & Associates is well-trained on how to comply with the rules and regulations provided.
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan capital to borrowers. Rather, it provides lenders with security with mortgage insurance in case the borrower defaults on his or her loan obligations.
Available to all purchasers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Unlike the VA appraiser panel, the lender working with FHA has the ability to pick the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
FHA loan programs are extremely helpful to those consumers with less accumulated funding.
