Appraisal Services of Brandon, Inc . can do FHA work

The FHA maintains of approved appraisers for each state - Appraisal Services of Brandon, 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 property loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Appraisal Services of Brandon, Inc . is well-trained on how to comply 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 loan is an FHA-secured loan, it means it is insured by them. The FHA does not loan funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her financial obligations. Accessible to all purchasers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly beneficial to those consumers with less accumulated starting capital.