The FHA keeps a list of approved appraisers for each state - Paradise Appraisals & Inspections Inc. is on the roster of approved appraisers for Florida.
We are certified and approved to do appraisals for FHA insured loans.
We're trained and understand the rules and procedures in FHA's guidance and policy documents.
||If you're in need of an appraisal 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 organization that is a part of the U.S. Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is ensure that the mortgage is insured in case the borrower doesn't pay their loan.
Accessible to all homebuyers, FHA loan programs are designed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Remember, the FHA differs from the VA appraiser panel in that the lender can select the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Purchasers with lower incomes or less starting funds to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.