Collard Appraisal Group, Inc.

Collard Appraisal Group, Inc. is state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do appraisal reports for house loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Collard Appraisal Group, Inc. is well-trained on how to comply with the rules and regulations provided.

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-secured loan, it means it is backed by them. The lending company provides all the finances; the FHA simply insures the transaction through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to assist low-to-moderate income consumers help meet credit qualifications if 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 Federal Housing Administration provides are incredibly beneficial to buyers with less starting income.