Need an appraisal for an FHA-backed mortgage? Call Caledonia Appraisal Co.

Caledonia Appraisal Co. is PA state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisal reports for home loans insured by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 loan is an FHA loan, it means it is underwritten by them. The lending organization takes care of all the finances; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and qualifications for lenders that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are acutely helpful to purchasers with less starting income.