Taurus Companies is your FHA certified appraisal companyWe are happy to say that Taurus Companies is an FHA-certified appraisal firm in CO. Taurus Companies is qualified and approved to do appraisals for FHA insured financial transactions. A certain amount of the regular training our staff at Taurus Companies receives deals strictly with decoding the FHA's documentation and their rules and procedures. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. 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 loan is an FHA loan, it means it is backed by them. The lender provides all the money in the loan; the FHA simply secures the transaction with mortgage insurance in case the borrower defaults on his or her loan. Available to all homebuyers, FHA loan programs are designed to help 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. Consumers with lower income or less starting funds to put down on a loan are helped the most from FHA loan programs. |