JL Valuations is ready for your FHA work

JL Valuations is ID state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-secured loan, be sure to hire JL Valuations, as we are approved and certified to perform FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at JL Valuations is well-trained on how to work in accordance with the rules and regulations provided.

If your loan is FHA insured, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with safety through mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy potential 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. The loan programs that the FHA provides are acutely useful to consumers with less starting income.