Rest assured that Taranto Appraisal, Inc. is an FHA-certified appraisal practice in California.
If you have an FHA-mortgage, be sure to get with Taranto Appraisal, Inc., as we are approved and certified to perform FHA appraisals.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If your financial transaction is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
The lending company takes care of all the funds being borrowed - the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan.
The FHA and their loan programs are created to help low-to-moderate income consumers by easing credit qualifications.
Remember, the FHA is different from the VA appraiser panel in that the lending agency can select the appraisal company.
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 particularly helpful to those consumers with less accessible funding.
