Need an appraisal for an FHA-backed mortgage? Call Intermountain Appraisals, Inc.

Intermountain Appraisals, Inc. is ID state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to contact Intermountain Appraisals, Inc., as we are approved and qualified to handle FHA appraisal reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Intermountain Appraisals, Inc. is well-trained on how to work in accordance with the rules and regulations provided.

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 loan is an FHA-insured loan, it means it is insured by them. None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of 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 help 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. FHA loan programs are incredibly beneficial to those buyers with less accumulated funding.