Nordal & Associates Real Estate Appraisal
is your FHA certified appraisal company!Rest assured that Nordal & Associates Real Estate Appraisal is an FHA-certified appraisal firm in California and has been FHA approved since 1994! Nordal & Associates Real Estate Appraisal is certified and approved to do appraisals for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Nordal & Associates Real Estate Appraisal is well-trained on how to comply with the rules and regulations provided. Over 13,000 appraisals in 26 years. We are your real estate expert!
An FHA loan is underwritten by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA. What the FHA does is see to it that the mortgage is secure in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to assist credit-worthy families and individuals get approved for mortgages that they otherwise would not. Remember that the lending organization approving a loan backed by the FHA is permitted to choose which appraisers they will use, unlike the VA appraisal panel.Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Buyers with lower incomes or less starting money to put down on a loan benefit the most from Federal Housing Administration loan programs.
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