Greater Orlando Appraisal Assoc., Inc.
Greater Orlando Appraisal Assoc., Inc. is FL state certified and on the FHA Roster of approved residential appraisers. Greater Orlando Appraisal Assoc., Inc. is qualified and approved to do appraisals for FHA secured loans. 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.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your home loan is FHA insured, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Available to all consumers, FHA loan programs are made 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. Buyers with lesser income or less starting capital to put down on a financial transaction benefit the most from FHA loan programs.