Calandra Appraisals

Calandra Appraisals is CA state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do reports for home loans underwritten by them. A portion of the ongoing training our staff at Calandra Appraisals receives deals precisely with decoding the FHA's documentation and their rules and procedures.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan capital to borrowers, rather, it provides lending agencies with safety with mortgage insurance in case the borrower does not pay his or her financial obligations. The FHA and their loan programs are designed to help low-to-moderate income homebuyers help meet credit qualifications if they otherwise would not.

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