Johnney Chen is your FHA certified appraisal companyRest assured that Johnney Chen is an FHA-approved appraisal firm in CA. This means that we are certified and approved by the FHA to do appraisals for home loans backed by them. A certain amount of the ongoing training our staff at Johnney Chen completes deals strictly with comprehending the FHA's documentation and their rules and procedures. Be sure to contact Johnney Chen if you need an appraisal done for an FHA-secured loan. 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 underwritten by them. None of the money in the loan is provided by the FHA; what the FHA does is ensure that the loan is paid for in case the borrower doesn't pay their loan. Accessible to all purchasers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration provides are acutely beneficial to consumers with less starting capital. |