Axiom Real Estate Appraisal is your FHA certified appraisal companyAxiom Real Estate Appraisal is California state certified and on the FHA Roster of approved residential appraisers. Axiom Real Estate Appraisal is qualified and approved to do appraisals for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is secured 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 capital to borrowers. Rather, it provides lending organizations with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy families and individuals get approved for mortgages that they otherwise would not. Remember, the FHA differs from the VA appraiser panel in that the lending organization can select the appraisal company.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 capital to put down on a loan benefit the most from FHA loan programs.
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