The FHA keeps a list of approved appraisers for each state - Carvalho & Associates Appraisal Corp is on the roster of approved appraisers for Florida.
We're certified and approved to do reports for FHA secured loans.
A portion of the continuing training our staff at Carvalho & Associates Appraisal Corp undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA loan, it means it is underwritten by them.
The FHA does not loan money to borrowers. Rather, it provides lenders with protection by offering mortgage insurance in case the borrower defaults on his or her loan obligations.
Accessible to all buyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can select the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are extremely useful to those purchasers with less accessible cash.