Need an appraisal for an FHA-backed mortgage? Call Kristy Sabus

Kristy Sabus is CO state certified and on the FHA Roster of approved residential appraisers. Kristy Sabus is certified and approved to do appraisal reports for FHA insured loans. A certain amount of the continuing training our staff at Kristy Sabus receives deals strictly with decoding the FHA's documentation and their rules and procedures.

If your loan is FHA approved, that means that it has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lenders that they otherwise would not.

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 accumulated starting capital.