The FHA maintains a list of approved appraisers for each state - AMS Appraisal Associates (AMS Appraisals) is on the roster of approved appraisers for Arizona. If you have an FHA-secured loan, be sure to get with AMS Appraisal Associates (AMS Appraisals), as we are approved and qualified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at AMS Appraisal Associates (AMS Appraisals) is well-trained on how to comply with FHA rules and regulations and provides FHA appraisal services in Phoenix.
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-insured loan, it means it is backed by them. None of the money in the loan is provided by the FHA. What the FHA does is make sure that the loan is insured in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to aid low-to-moderate income consumers by easing credit expectations. Unlike the VA appraiser panel, the lending organization working with FHA is allowed to select the appraiser.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser incomes or less starting money to put down on a mortgage are helped the most from FHA loan programs.
AMS Appraisal Associates (AMS Appraisals) is in full compliance with current FHA home inspection and reporting requirements. AMS Appraisal Associates (AMS Appraisals) provides a full range of appraisal services in Phoenix.
If you're in need a certified residental appraiser to provide an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. Call 623-544-2221