The FHA publishes the rolls of approved appraisers for each state - Senatra Appraisal, Inc. is on the roster of approved appraisers for Oregon.
Senatra Appraisal, Inc. is certified and approved to do reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Senatra Appraisal, Inc. is well-trained on how to follow the rules and regulations provided.
If your loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is see to it that the loan is taken care of in case the borrower defaults on his or her loan obligations.
Available to all homebuyers, FHA loan programs are formed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Unlike the VA appraiser panel, the lending agency working with Federal Housing Administration is allowed to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration offers are invaluable to buyers with minimal starting income.
