Eric Heideman is approved for FHA loans

Eric Heideman is CA state certified and on the FHA Roster of approved residential appraisers. This means that we are certified and approved by the FHA to do reports for home loans underwritten by them. Part of the continuing training our staff at Eric Heideman receives deals precisely with comprehending the FHA's documentation and their rules and procedures.

An FHA loan is underwritten by the Federal Housing Administration, a federal organization 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 safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Applicable to all homebuyers, FHA loan programs are built to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs.