Need an appraisal for an FHA-backed mortgage? Call William Bradford & Associates

Rest assured that William Bradford & Associates is an FHA-certified appraisal firm in LA. This indicates that we are certified and approved by the FHA to do reports for home loans insured by them. A certain amount of the ongoing training our staff at William Bradford & Associates receives deals strictly with comprehending the FHA's documentation and their rules and procedures.

An FHA loan is backed by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lending organizations with security by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to benefit low-to-moderate income purchasers help meet credit qualifications if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting capital to put down on a financial transaction are assisted the most from Federal Housing Administration loan programs.