Need an appraisal for an FHA-backed mortgage? Call Michael Spurlock

Rest assured that Michael Spurlock is an FHA-approved appraisal firm in CA. If you have an FHA-insured loan, be sure to call Michael Spurlock, as we are approved and certified to produce FHA appraisal reports. A certain amount of the continuing training our staff at Michael Spurlock undergoes deals strictly with understanding 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 financial transaction is an FHA-secured loan, it means it is insured by them. The FHA does not loan capital to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Low-income and moderate-income borrowers benefit from an FHA-secured financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and qualifications for lending agencies that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lower income or less starting money to put down on a financial transaction benefit the most from Federal Housing Administration loan programs.