Need an appraisal for an FHA-backed mortgage? Call Joseph L. Davis

Rest assured that Joseph L. Davis is an FHA-certified appraisal service in CO. If you have an FHA-insured loan, be sure to call Joseph L. Davis, as we are approved and qualified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help 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. Consumers with lesser income or less starting capital to use as a down-payment on a financial transaction are assisted the most from Federal Housing Administration loan programs.