Boletus Creek Appraisals LLC is approved for FHA backed loans

Boletus Creek Appraisals LLC is CO state certified and on the FHA Roster of approved residential appraisers. Boletus Creek Appraisals LLC is qualified and approved to do appraisals for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

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 financial transaction is an FHA loan, it means it is underwritten by them. The lending company provides all the money in the loan; the FHA simply insures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are created to help low-to-moderate income consumers help meet credit qualifications if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the FHA offers are extremely helpful to purchasers with less starting income.