is Florida state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do reports for house loans insured by them.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
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If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
The lender takes care of all the money in the loan - the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan.
The FHA and their loan programs are built to assist low-to-moderate income purchasers by easing credit requirements.
Different from the VA appraiser panel, the lending organization working with FHA has the ability to select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Buyers with lesser incomes or less starting money to put down on a loan are assisted the most from FHA loan programs.
