Greater Orlando Appraisal Assoc., Inc. is available for your FHA mortgages
Greater Orlando Appraisal Assoc., Inc. is FL state certified and on the FHA Roster of approved residential appraisers. If you have an FHA-insured loan, be sure to hire Greater Orlando Appraisal Assoc., Inc., as we are approved and qualified to handle FHA reports. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Greater Orlando Appraisal Assoc., Inc. is well-trained on how to comply with the rules and regulations provided.
If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away.
If your house loan is FHA insured, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply backs the loan with mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; 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 Federal Housing Administration offers are extremely useful to consumers with less starting capital.