Need an appraisal for an FHA-backed mortgage? Call Cotter Valuation Group

The FHA publishes a list of approved appraisers for each state - Cotter Valuation Group is on the roster of approved appraisers for Arizona.  If you have an FHA-insured loan, be sure to contact Cotter Valuation Group, as we are approved and certified to handle FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Cotter Valuation Group is well-trained on how to follow the rules and regulations provided.

If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

If your property loan is FHA insured, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers. Rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income consumers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to aid 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 able to pick which appraisers they will use, unlike the VA appraisal panel.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower incomes or less starting funds to put down on a financial transaction are assisted the most from FHA loan programs.