is Florida state certified and on the FHA Roster of approved residential appraisers.
This indicates that we are certified and approved by the FHA to do appraisal reports for home loans underwritten by them.
Part of the ongoing training our staff at ECL Real Estate Appraisals Inc undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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If your home loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD).
None of the funds are provided by the FHA. What the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan.
Available to all buyers, FHA loan programs are designed to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Different from the VA appraiser panel, the lending agency working with FHA is allowed to select the appraiser.
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 offers are lifesavers to consumers with minimal starting income.