The FHA maintains the rolls of approved appraisers for each state - Clearwater Appraisal is on the roster of approved appraisers for Florida.
This indicates that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them.
A certain amount of the ongoing training our staff at Clearwater Appraisal completes deals exclusively with understanding the FHA's documentation and their rules and procedures.
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If you need an appraisal for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your loan is FHA certified, that means that the loan has been secured by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is see to it that the mortgage is secure in case the borrower doesn't pay their loan.
Low-income and moderate-income consumers benefit the most from FHA-secured loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy families and individuals get approved for mortgages that they otherwise would not.
Remember, the FHA is different from the VA appraiser panel in that the lender can choose the appraisal company.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates.
The loan programs that the Federal Housing Administration provides are invaluable to buyers with minimal starting income.