The FHA keeps a list of approved appraisers for each state - G. Daniel Green & Associates, Inc. is on the roster of approved appraisers for Florida.
This means that we are qualified and approved by the FHA to do reports for home loans insured by them.
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.
If your home loan is FHA approved, that means that it has been guaranteed by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD).
No part of the loan is provided by the FHA. What the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations.
Applicable 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 that the lender approving a loan backed by the Federal Housing Administration is able to choose their appraisers, unlike the VA appraisal panel.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
The loan programs that the Federal Housing Administration provides are incredibly useful to purchasers with minimal starting capital.