We confidently state that Kenny G. Adams is an FHA and VA -approved appraisal firm in California. Kenny G. Adams is qualified and approved to do appraisals for FHA secured loans and VA guaranteed loans. We're trained and understand the rules and procedures in FHA's and VA guidance and policy documents.
 |
 |
 |
If you need an appraisal for an FHA or VA loan, please contact us, and we'll be able to help you right away. |
|
|
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) and the VA is the Veteran's Affairs which also a federal agency designed to assist military veterans and their dependents; if your financial transaction is an FHA-insured loan or a VA guaranteed loan, it means it is secured by them. The lending organization provides all the funds being borrowed - the FHA or VA simply backs the transaction with mortgage insurance or a VA guarantee in case the borrower defaults on his or her loan. The FHA and VA in their loan programs are designed to assist low-to-moderate income purchasers by easing credit requirements. Remember that the lending organization working with the the Federal Housing Administration is free to pick which appraisers they work with, unlike the VA appraisal panel. Kenny G Adams, SRA is a member of the VA appraisal panel and has been a member since 1985.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan or a VA guaranteed loan, while the rates remain standard market rates. Purchasers with lesser incomes or less starting money to put down on a mortgage benefit the most from Federal Housing Administration and VA loan programs.
