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. If you have an FHA-insured mortgage, be sure to contact ASAP Appraisal Group, as we are approved and certified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is 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. Low-income and moderate-income borrowers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and necessities for lending organizations that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Buyers with lower income or less starting capital to use as a down-payment on a mortgage are assisted the most from Federal Housing Administration loan programs.