We confidently state that Florida Appraisal Group, INC is an FHA-certified appraisal firm in Florida.
This indicates that we are qualified and approved by the FHA to do appraisal reports for home loans backed by them.
A certain amount of the ongoing training our staff at Florida Appraisal Group, INC completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
||If you need an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
If your loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
The FHA does not loan money to borrowers. Rather, it provides lending agencies with protection through mortgage insurance in case the borrower defaults on his or her financial obligations.
Applicable to all consumers, FHA loan programs are built to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lender can select the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
Buyers with lower incomes or less starting money to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs.