Appraisal House, Inc.Rest assured that Appraisal House, Inc. is an FHA-approved appraisal company in FL. This means that we are qualified and approved by the FHA to do reports for house loans backed by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Appraisal House, Inc. is well-trained on how to follow the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending company takes care of all the loaned money; the FHA simply secures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to cooperate with credit-worthy consumers to meet expectations and requirements 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. Purchasers with lower income or less starting funds to put down on a loan are helped the most from Federal Housing Administration loan programs. |