Need an appraisal for an FHA-backed mortgage? Call Stephanie L. Duffy Appraisal Services

The FHA publishes a list of approved appraisers for each state - Stephanie L. Duffy Appraisal Services is on the roster of approved appraisers for California.  If you have an FHA-secured loan, be sure to hire Stephanie L. Duffy Appraisal Services, as we are approved and qualified to perform FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Stephanie L. Duffy Appraisal Services is well-trained on how to comply with the rules and regulations provided.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-insured 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 mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not. Remember that the lender approving a loan backed by the Federal Housing Administration is able to select the appraisal company with which they'll work, unlike the VA appraisal panel.

Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower incomes or less starting funds to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.