Need an appraisal for an FHA-backed mortgage? Call Cobalt Appraisal Service

The FHA retains of approved appraisers for each state - Cobalt Appraisal Service is on the roster of approved appraisers for AZ. This indicates that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your house loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. Low-income and moderate-income consumers benefit from an FHA-backed loan; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly beneficial to those homebuyers with less accumulated funding.