is Florida state certified and on the FHA Roster of approved residential appraisers.
VC Appraisals, inc. is qualified and approved to do appraisal reports for FHA insured loans.
FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at VC Appraisals, inc. is well-trained on how to work in accordance with the rules and regulations provided.
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 financial transaction is an FHA-secured loan, it means it is underwritten by them.
The FHA does not loan capital to borrowers. Rather, it provides lenders with safety with mortgage insurance in case the borrower defaults on his or her loan obligations.
The FHA and their loan programs are designed to benefit low-to-moderate income homebuyers by easing credit requirements.
Remember, the FHA is different from the VA appraiser panel in that the lending organization can choose the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
The loan programs that the Federal Housing Administration offers are invaluable to purchasers with minimal starting income.
