Need an appraisal for an FHA-backed mortgage? Call Jeffrey L. Crook Appraisals, Inc.

Rest assured that Jeffrey L. Crook Appraisals, Inc. is an FHA-certified appraisal provider in CO. We are qualified and approved to do appraisals for FHA secured loans. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Jeffrey L. Crook Appraisals, Inc. is well-trained on how to comply with the rules and regulations provided.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-secured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and qualifications for lenders that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are particularly helpful to those buyers with less accessible starting capital.