The FHA publishes a roster of approved appraisers for each state - ValPro Appraisal LLC is on the roster of approved appraisers for Florida.
If you have an FHA-secured mortgage, be sure to hire ValPro Appraisal LLC, as we are approved and qualified to produce FHA reports.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-insured loan, it means it is underwritten by them.
None of the funds are provided by the FHA. What the FHA does is see to it that the loan is paid for in case the borrower defaults on his or her loan obligations.
Low-income and moderate-income borrowers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to help credit-worthy buyers get approved for mortgages that they otherwise would not.
Remember, the FHA deviates from the VA appraiser panel in that the lending organization can choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
FHA loan programs are particularly beneficial to those consumers with less accessible cash.