is Florida state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-mortgage, be sure to get with Empire Appraisals Inc, as we are approved and qualified to handle FHA appraisals. A portion of the regular training our staff at Empire Appraisals Inc undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your house loan is FHA approved, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA. What the FHA does is see to it that the loan is secure in case the borrower doesn't pay their loan. The FHA and their loan programs are formed to help low-to-moderate income buyers by easing credit qualifications. Different from the VA appraiser panel, the lending agency working with Federal Housing Administration has the freedom to choose the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower incomes or less starting funds to put down on a mortgage benefit the most from Federal Housing Administration loan programs.