Need an appraisal for an FHA-backed mortgage? Call Appraisal Services Of The Emerald Coast, Inc.The FHA maintains of approved appraisers for each state - Appraisal Services Of The Emerald Coast, Inc. is on the roster of approved appraisers for FL. This means that we are certified and approved by the FHA to do appraisals for house loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Appraisal Services Of The Emerald Coast, Inc. is well-trained on how to comply with the rules and regulations provided. Contact us today if you need to get an appraisal done on an FHA-insured loan. The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD) - if your loan is an FHA-insured loan, it means it is backed by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and necessities for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting money to put down on a mortgage are assisted the most from FHA loan programs. |