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 property loans backed by them. A portion of the continuing training our staff at ASAP Appraisal Group completes deals strictly with understanding the FHA's documentation and their rules and procedures.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your loan is FHA insured, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are designed to help low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those buyers with less accumulated cash.