Need an appraisal for an FHA-backed mortgage? Call Saknit & AssociatesSaknit & Associates is ID state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Saknit & Associates, as we are approved and qualified to perform FHA appraisal reports. A certain amount of the periodic training our staff at Saknit & Associates completes deals strictly with understanding the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. 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 financial transaction is an FHA-secured loan, it means it is insured by them. The lender provides all the money in the loan; the FHA simply secures the loan 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 assist credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting money to use as a down-payment on a financial transaction are helped the most from Federal Housing Administration loan programs. |