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

We assure you that Calderwood Appraisal is an FHA-certified appraisal service in NM. If you have an FHA-loan, be sure to call Calderwood Appraisal, as we are approved and certified to produce FHA appraisals. Part of the ongoing training our staff at Calderwood Appraisal completes deals exclusively with decoding the FHA's documentation and their rules and procedures.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is insured by them. The FHA does not loan money to borrowers, rather, it provides lenders with protection with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications for lending agencies 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. FHA loan programs are extremely useful to those homebuyers with less available cash.