is Missouri state certified and on the FHA Roster of approved residential appraisers.
We're qualified and approved to do appraisal reports for FHA secured loans.
Part of the periodic training our staff at Caton Appraisers, LLC receives deals strictly with decoding the FHA's documentation and their rules and procedures.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The lending organization provides all the funds being borrowed - the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan.
Applicable to all homebuyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending organization working with Federal Housing Administration actually has the freedom to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are particularly beneficial to those purchasers with less accumulated cash.
