is Colorado state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-insured loan, be sure to get with ADK Appraisal LLC, as we are approved and certified to produce FHA appraisals.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at ADK Appraisal LLC is well-trained on how to work in accordance with the rules and regulations provided.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-insured loan, it means it is insured by them.
None of the funds are provided by the FHA. What the FHA does is make sure that the loan is secure in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are formed to benefit low-to-moderate income consumers by easing credit expectations.
Unlike the VA appraiser panel, the lending organization working with Federal Housing Administration has the freedom to choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration provides are lifesavers to buyers with less starting capital.