Sunbelt Appraisals, Inc. can do FHA work
Sunbelt Appraisals, Inc. is FL state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisals for property loans underwritten by them. A certain amount of the periodic training our staff at Sunbelt Appraisals, Inc. receives deals strictly with understanding the FHA's documentation and their rules and procedures.
Be sure to contact Sunbelt Appraisals, Inc. if you need an appraisal done for an FHA-secured loan.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to assist credit-worthy potential buyers to meet expectations and qualifications 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 offers are extremely beneficial to buyers with less starting capital.