Greater Orlando Appraisal Assoc., Inc. is ready for your FHA mortgages
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 reports for FHA insured 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 work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your property loan is FHA certified, that means that the loan has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender provides all the finances; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are created to benefit low-to-moderate income buyers help meet credit expectations if 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 incredibly beneficial to buyers with less starting capital.