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

The FHA publishes a list of approved appraisers for each state - McCarthy Appraisal is on the roster of approved appraisers for IA. If you have an FHA-loan, be sure to contact McCarthy Appraisal, as we are approved and qualified to handle FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.

If your property loan is FHA certified, that means that the loan has been secured by the FHA, which is a branch 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 make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and requirements for lenders that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those purchasers with less available funding.