Need an appraisal for an FHA-backed mortgage? Call Advance Real Estate Appraisals, Inc
Rest assured that Advance Real Estate Appraisals, Inc is an FHA-approved appraisal company in FL. We're qualified and approved to do appraisal reports for FHA secured financial transactions. A portion of the regular training our staff at Advance Real Estate Appraisals, Inc receives deals precisely with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Advance Real Estate Appraisals, Inc if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA loan, it means it is insured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are created to assist low-to-moderate income homebuyers help meet credit requirements if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. The loan programs that the Federal Housing Administration provides are incredibly helpful to purchasers with less starting capital.