The FHA keeps a roster of approved appraisers for each state - Cannizzaro Realty Appraisals & Sales is on the roster of approved appraisers for Louisiana.
We're qualified and approved to do appraisals for FHA insured 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 agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations.
Available to all consumers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are particularly beneficial to those purchasers with less accumulated funding.
