Need an appraisal for an FHA-backed mortgage? Call Booth Appraisal Services

We confidently state that Booth Appraisal Services is an FHA-approved appraisal provider in OR. If you have an FHA-insured mortgage, be sure to hire Booth Appraisal Services, as we are approved and qualified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Booth Appraisal Services is well-trained on how to work in accordance with the rules and regulations provided.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and requirements for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely beneficial to those buyers with less available cash.