We confidently state that Accredited Appraisers, Inc. is an FHA-certified appraisal provider in Florida.
This means that we are qualified and approved by the FHA to do appraisal reports for property loans insured by them.
FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Accredited Appraisers, Inc. is well-trained on how to comply with the rules and regulations provided.
An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD).
The FHA does not loan funds to borrowers. Rather, it provides lenders with security through mortgage insurance in case the borrower does not pay his or her loan obligations.
Applicable to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember that the lending agency approving a loan associated with the FHA is able to pick which appraisers they will use, different from VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
Buyers with lesser incomes or less starting capital to put down on a financial transaction benefit the most from FHA loan programs.
