Need an appraisal for an FHA-backed mortgage? Call Michael ProudThe FHA keeps a roster of approved appraisers for each state - Michael Proud is on the roster of approved appraisers for FL. We're qualified and approved to do appraisals for FHA secured financial transactions. A certain amount of the ongoing training our staff at Michael Proud completes deals precisely with understanding the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your financial transaction is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply insures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income consumers benefit from an FHA-insured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities 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. FHA loan programs are incredibly beneficial to those purchasers with less available starting capital. |