We confidently state that Dedicated Appraisers, Inc. is an FHA-approved appraisal provider in Florida.
We are qualified and approved to do reports for FHA secured financial transactions.
Part of the ongoing training our staff at Dedicated Appraisers, Inc. completes deals strictly with comprehending the FHA's documentation and their rules and procedures.
If your property loan is FHA certified, that means that it has been guaranteed by the FHA, which is part of the United States Department of Housing and Urban Development (HUD).
The lending company provides all the funds being borrowed - the FHA simply secures the loan by providing mortgage insurance in case the borrower does not pay off his or her loan.
Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs. The purpose of the Federal Housing Administration is to help credit-worthy consumers get approved for mortgages that they otherwise would not.
Remember that the lending organization approving a loan backed by the FHA is permitted to select which appraisers they will use, unlike the VA appraisal panel.
Down payments are often lower with an FHA loan despite using conventional market rates.
Purchasers with lower incomes or less starting money to put down on a loan are helped the most from FHA loan programs.