BIZ Appraisal Company is approved for FHA Mortgages.

BIZ Appraisal Company is an FHA-certified appraisal service in CO. Our staff keeps their FHA credentials up-to-date through completing continuing education classes on a regular basis.

What is an FHA Loan?
Zillow describes an FHA loan as "A mortgage that's insured by the Federal Housing Administration (FHA). ... However, borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults. Borrowers can qualify for an FHA loan with a down payment as little as 3.5% for a credit score of 580 or higher." FHA loans are a great choice for first-time homebuyers.

Contact BIZ Appraisal Company if you need an FHA Certified Appraiser.

An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her loan obligations. Applicable to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are incredibly beneficial to buyers with less starting capital.