Allen Appraisals, Inc. is approved for FHA loansThe FHA keeps a roster of approved appraisers for each state - Allen Appraisals, Inc. is on the roster of approved appraisers for FL. If you have an FHA-mortgage, be sure to contact Allen Appraisals, Inc., as we are approved and certified to produce FHA appraisals. We're trained and understand the rules and procedures in FHA's guidance and policy documents. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the finances; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not. Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are particularly useful to those homebuyers with less available cash. |