Need an appraisal for an FHA-backed mortgage? Call ASAP Appraisal Group
ASAP Appraisal Group is FL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to get with ASAP Appraisal Group, as we are approved and certified to produce FHA appraisals. A portion of the continuing training our staff at ASAP Appraisal Group undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your house loan is FHA approved, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with safety with mortgage insurance in case the borrower does not pay his or her loan obligations. Accessible 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.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting money to put down on a loan are assisted the most from FHA loan programs.