Need an appraisal for an FHA-backed mortgage? Call Fairbanks Appraisal

We assure you that Fairbanks Appraisal is an FHA-approved appraisal firm in CO. If you have an FHA-insured loan, be sure to call Fairbanks Appraisal, as we are approved and qualified to perform FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The lender provides all the finances; the FHA simply backs the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lenders that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are excessively beneficial to buyers with less starting income.