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 appraisal reports for house loans backed by them. A certain amount of the ongoing training our staff at Associated Appraisal Group, Inc. completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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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-insured loan, it means it is insured by them. The lending organization provides all the financing - the FHA simply insures the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit the most from FHA-backed loan programs; the purpose of the Federal Housing Administration is to aid credit-worthy buyers get approved for mortgages that they otherwise would not. Remember that the lending agency approving a loan backed by the FHA is able 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. Those with lower income or less starting funds to put down on a mortgage are assisted the most from FHA loan programs.
We also offer pre inspection reports for as little $50.00. This will tell you what repairs, if any, will be required prior to closing.
If your lender will not let you pick your appraiser, we can also review your FHA appraisal for inconsistencies.
