Quality Evaluations

Quality Evaluations is ID state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do appraisals for FHA insured financial transactions. Part of the regular training our staff at Quality Evaluations completes deals exclusively with comprehending the FHA's documentation and their rules and procedures.

If your loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower defaults on his or her loan obligations. Available to all homebuyers, FHA loan programs are built 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. FHA loan programs are particularly helpful to those buyers with less accumulated cash.