Need an appraisal for an FHA-backed mortgage? Call Sicard Appraisal

The FHA maintains of approved appraisers for each state - Sicard Appraisal is on the roster of approved appraisers for LA. This indicates that we are qualified and approved by the FHA to do appraisal reports for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Sicard Appraisal is well-trained on how to follow the rules and regulations provided.

If your loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is insured in case the borrower defaults on his or her loan obligations. Applicable to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting capital to put down on a mortgage benefit the most from FHA loan programs.