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. We're qualified and approved to do appraisals for FHA secured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents.
Contact us today if you need to get an appraisal done on an FHA-insured loan.
If your loan is FHA certified, that means that it has been secured by the FHA, which is part of the United States Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply insures the loan with mortgage insurance in case the borrower does not pay off his or her loan. Accessible to all buyers, FHA loan programs are formed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Purchasers with lesser income or less starting funds to use as a down-payment on a financial transaction benefit the most from Federal Housing Administration loan programs.