Northern Arizona Appraisal, Inc. is your FHA certified appraisal company

The FHA publishes a list of approved appraisers for each state - Northern Arizona Appraisal, Inc. is on the roster of approved appraisers for AZ. If you have an FHA-secured mortgage, be sure to call Northern Arizona Appraisal, Inc., as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Northern Arizona Appraisal, Inc. is well-trained on how to comply with the rules and regulations provided.

If your house loan is FHA insured, that means that it has been guaranteed by the Federal Housing Administration, 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 security with mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements for lending organizations 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 exceedingly beneficial to buyers with less starting income.