Cal Bay Appraisals is your FHA certified appraisal company

The FHA keeps a roster of approved appraisers for each state - Cal Bay Appraisals is on the roster of approved appraisers for California. If you have an FHA-secured mortgage, be sure to call Cal Bay Appraisals, as we are approved and certified to handle FHA reports. Part of the continuing training our staff at Cal Bay Appraisals undergoes deals exclusively with comprehending the FHA's documentation and their rules and procedures.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting money to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.