Need an appraisal for an FHA-backed mortgage? Call Greater Orlando Appraisal Assoc., Inc.
Greater Orlando Appraisal Assoc., Inc. is FL state certified and on the FHA Roster of approved residential appraisers. We are certified and approved to do reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
If your financial transaction is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all homebuyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting capital to use as a down-payment on a loan benefit the most from Federal Housing Administration loan programs.