Need an appraisal for an FHA-backed mortgage? Call JSW & Associates Appraisers, Inc.The FHA publishes the rolls of approved appraisers for each state - JSW & Associates Appraisers, Inc. is on the roster of approved appraisers for Florida. If you have an FHA-insured mortgage, be sure to contact JSW & Associates Appraisers, Inc., as we are approved and certified to perform FHA appraisal reports. Part of the periodic training our staff at JSW & Associates Appraisers, Inc. undergoes deals strictly with understanding the FHA's documentation and their rules and procedures.
If your home loan is FHA certified, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender provides all the financing - the FHA simply insures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit the most from FHA-secured loan programs. The point of the Federal Housing Administration is to assist credit-worthy consumers get approved for mortgages that they otherwise would not. Remember, the FHA is different from the VA appraiser panel in that the lending agency can pick the appraisal company. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lesser incomes or less starting money to put down on a mortgage are assisted the most from FHA loan programs. |
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