Iris Appraisal is your FHA certified appraisal company

The FHA retains of approved appraisers for each state - Iris Appraisal is on the roster of approved appraisers for NV. If you have an FHA-secured mortgage, be sure to contact Iris Appraisal, as we are approved and qualified to handle FHA reports. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your financial transaction is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lending organizations that they otherwise would not.

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