Need an appraisal for an FHA-backed mortgage? Call Lake Capital Group

Lake Capital Group is AZ state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do reports for FHA insured financial transactions. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Lake Capital Group is well-trained on how to comply with the rules and regulations provided.

If your financial transaction is FHA approved, that means that the loan has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply backs the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Applicable to all purchasers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. Consumers with lesser income or less starting money to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.