Fred Kalil & Associates

We are happy to say that Fred Kalil & Associates is an FHA-approved appraisal company in LA. This means that we are certified and approved by the FHA to do appraisal reports for house loans insured by them. Part of the regular training our staff at Fred Kalil & Associates receives deals exclusively with decoding the FHA's documentation and their rules and procedures.

Be sure to contact Fred Kalil & Associates if you need an appraisal done for an FHA-secured loan.

The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is underwritten by them. 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-secured financial transaction; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and requirements for lenders that they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lesser income or less starting funds to put down on a financial transaction are assisted the most from FHA loan programs.