Need an appraisal for an FHA-backed mortgage? Call Lumino Valuation Group, Inc.
Lumino Valuation Group, Inc. is Colorado state certified and on the FHA Roster of approved residential appraisers.
If you have an FHA-loan, be sure to get with Lumino Valuation Group, Inc., as we are approved and certified to handle FHA reports.
A certain amount of the continuing training our staff at Lumino Valuation Group, Inc. receives deals strictly with decoding the FHA's documentation and their rules and procedures.
||If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA loan, it means it is insured by them.
The lender provides all the loaned money - the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan.
Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The point of the Federal Housing Administration is to help credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Remember that the lending agency approving a loan backed by the FHA is allowed to select the appraisal company with which they'll work, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
Consumers with lesser incomes or less starting funds to use as a down-payment on a mortgage are assisted the most from FHA loan programs.