Need an appraisal for an FHA-backed mortgage? Call ASAP Appraisal Services, Inc.
ASAP Appraisal Services, Inc. is Az state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisals for FHA insured financial transactions. A portion of the continuing training our staff at ASAP Appraisal Services, Inc. undergoes deals precisely with understanding 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.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA-insured loan, it means it is secured by them. The lender takes care of all the finances; the FHA simply secures the transaction by providing mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to aid low-to-moderate income purchasers help meet credit expectations if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting funds to put down on a financial transaction are helped the most from FHA loan programs.