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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 home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at ASAP Appraisal Group is well-trained on how to comply with the rules and regulations provided.

If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.

The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are excessively useful to purchasers with less starting capital.