is Idaho state certified and on the FHA Roster of approved residential appraisers.
This means 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 grasp, but the staff at Mendez Appraisals is well-trained on how to follow the rules and regulations provided.
An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her financial obligations.
Accessible to all purchasers, FHA loan programs are created to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lending organization working with FHA has the freedom to pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the FHA provides are lifesavers to consumers with less starting income.
