is Florida state certified and on the FHA Roster of approved residential appraisers.
We are qualified and approved to do appraisals for FHA insured financial transactions.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
An FHA loan is secured by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
None of the money in the loan is provided by the FHA. What the FHA does is ensure that the mortgage is insured in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are created to aid low-to-moderate income purchasers by easing credit requirements.
Remember that the lender approving a loan associated with the FHA is free to pick their appraisers, different from VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration offers are lifesavers to consumers with minimal starting capital.
