a la mode is your FHA certified appraisal companyThe FHA keeps a roster of approved appraisers for each state - a la mode is on the roster of approved appraisers for UT. a la mode is certified and approved to do appraisals for FHA secured loans. Part of the ongoing training our staff at a la mode receives deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact a la mode if you need an appraisal done for an FHA-secured loan. If your property loan is FHA certified, that means that it has been secured by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and qualifications 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. Consumers with lower income or less starting capital to use as a down-payment on a financial transaction are assisted the most from FHA loan programs. |