Need an appraisal for an FHA-backed mortgage? Call John Wharton

The FHA keeps a roster of approved appraisers for each state - John Wharton is on the roster of approved appraisers for AZ. This means that we are qualified and approved by the FHA to do reports for home loans insured by them. A portion of the periodic training our staff at John Wharton undergoes deals exclusively with decoding the FHA's documentation and their rules and procedures.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting money to put down on a loan benefit the most from Federal Housing Administration loan programs.