Need an appraisal for an FHA-backed mortgage? Call Professional Appraisal Systems

Rest assured that Professional Appraisal Systems is an FHA-approved appraisal service in AZ. Professional Appraisal Systems is certified and approved to do appraisal reports for FHA insured loans. A certain amount of the regular training our staff at Professional Appraisal Systems receives deals exclusively with understanding the FHA's documentation and their rules and procedures.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-secured loan, it means it is insured by them. The lending organization provides all the money in the loan; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and qualifications for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are incredibly beneficial to those consumers with less accessible funding.