Ironman Appraisals can do FHA mortgages

Rest assured that Ironman Appraisals is an FHA-approved appraisal practice in CO. This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans insured by them. Part of the continuing training our staff at Ironman Appraisals receives deals strictly with understanding the FHA's documentation and their rules and procedures.

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are designed to help low-to-moderate income buyers help meet credit qualifications if they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser income or less starting capital to use as a down-payment on a loan are assisted the most from Federal Housing Administration loan programs.