Need an appraisal for an FHA-backed mortgage? Call ASAP Appraisal Services, Inc.
The FHA keeps a roster of approved appraisers for each state - ASAP Appraisal Services, Inc. is on the roster of approved appraisers for Az. We are qualified and approved to do reports for FHA insured loans. A portion of the periodic training our staff at ASAP Appraisal Services, Inc. completes deals exclusively with decoding the FHA's documentation and their rules and procedures.
If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away.
If your property loan is FHA approved, 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). The FHA does not loan money to borrowers, rather, it provides lending agencies with protection by offering mortgage insurance in case the borrower defaults on his or her financial obligations. The FHA and their loan programs are created to assist low-to-moderate income buyers help meet credit qualifications if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lower income or less starting funds to put down on a loan are assisted the most from FHA loan programs.