ASAP Appraisal Services, Inc. is your FHA certified appraisal company
The FHA maintains of approved appraisers for each state - ASAP Appraisal Services, Inc. is on the roster of approved appraisers for Az. This means that we are certified and approved by the FHA to do appraisal reports for property loans insured by them. A certain amount of the continuing training our staff at ASAP Appraisal Services, Inc. receives deals precisely with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact ASAP Appraisal Services, Inc. if you need an appraisal done for an FHA-secured loan.
An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the finances; the FHA simply backs the transaction by providing mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are built to aid low-to-moderate income buyers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are extremely helpful to those consumers with less available starting capital.