Onstott Appraisal Services, LLC is approved for FHA loans

Rest assured that Onstott Appraisal Services, LLC is an FHA-approved appraisal service in CO. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Onstott Appraisal Services, LLC is well-trained on how to follow the rules and regulations provided.

If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower does not pay his or her loan obligations. The FHA and their loan programs are designed to assist low-to-moderate income homebuyers 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. FHA loan programs are extremely useful to those buyers with less accessible starting capital.