Jose HernandezJose Hernandez is CA state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire Jose Hernandez, as we are approved and certified to handle FHA appraisals. A certain amount of the continuing training our staff at Jose Hernandez undergoes deals strictly with understanding the FHA's documentation and their rules and procedures. Be sure to contact Jose Hernandez if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply insures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lenders that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting money to put down on a mortgage benefit the most from Federal Housing Administration loan programs. |