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Palmer Appraisals, Inc.

The FHA retains a list of approved appraisers for each state - Palmer Appraisals, Inc. is on the roster of approved appraisers for California.  This means that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them. 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, and we'll be able to help you right away.

An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA. What the FHA does is see to it that the loan is insured in case the borrower doesn't pay their loan. The FHA and their loan programs are created to aid low-to-moderate income consumers by easing credit expectations. Remember that the lender working with the the FHA is authorized to pick which appraisers they work with, unlike the VA appraisal panel.

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