Summit Appraisal, Inc.

We confidently state that Summit Appraisal, Inc. is an FHA-certified appraisal firm in CA. We are qualified and approved to do appraisal reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

Be sure to contact Summit Appraisal, Inc. if you need an appraisal done for an FHA-secured loan.

If your financial transaction is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the finances; the FHA simply secures the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and necessities for lending agencies that 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. FHA loan programs are extremely helpful to those buyers with less available starting capital.