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. This indicates that we are qualified and approved by the FHA to do appraisals for house loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at ASAP Appraisal Group is well-trained on how to follow the rules and regulations provided.
Be sure to contact ASAP Appraisal Group if you need an appraisal done for an FHA-secured loan.
If your loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure 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 benefit low-to-moderate income purchasers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely helpful to those buyers with less available starting capital.