We're FHA Approved
Professional Appraisal Associates in
We have fully approved HUD / Certified FHA Roster Appraisers that were tested under the original stringent FHA Guidelines/Standards. We understand all the FHA requirements, and can help streamline the FHA appraisal and loan underwriting approval process.
Susan Kraushaar has over 25 years of experience in the banking industry, and is a California OREA State Certified FHA Approved Real Estate Appraiser. In addition, Wade Kraushaar is also a California OREA State Certified FHA Approved HUD Roster Appraiser, having performed numerous complex FHA Appraisals on a variety of different property types.
We have been performing both 1004 Full FHA Appraisals, and also Exterior Only FHA 2055 Drive-By Appraisals for the new HOPE for Homeowners (H4H) program that was recently enacted by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. The H4H is an additional FHA mortgage option designed to keep borrowers in their homes. We have been performing the FHA HOPE for Homeowners Appraisals since the program inception on October 1, 2008, so we are very familiar with all the special new requirements associated with this unique FHA program.
In addition, we are prepared for the latest Troubled Asset Relief Program (TARP) start, and the required TARP baseline appraisals needed for refinancing.
If you are having trouble making your mortgage payments, both the new TARP and HOPE Programs for Homeowners may be able to help you by refinancing your loan into a new 30-year fixed rate loan with lower payments.
We are also listed with the Fannie Mae National Property Disposition Center (NPDC), as an approved NPDC Real Estate Appraiser vendor in
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 money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraiser.
FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
If you're in need of an appraisal for an FHA loan, please contact us and we'll be able to help you right away.