The FHA retains a list of approved appraisers for each state - A.M.O. Appraisals, Inc. is on the roster of approved appraisers for Florida.
A.M.O. Appraisals, Inc. is qualified and approved to do reports for FHA insured financial transactions.
FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at A.M.O. Appraisals, Inc. is well-trained on how to comply with the rules and regulations provided.
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If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away. |
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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 loan is an FHA-insured loan, it means it is underwritten by them.
None of the money in the loan is provided by the FHA. What the FHA does is make sure that the mortgage is taken care of in case the borrower defaults on his or her loan obligations.
Accessible to all consumers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Remember, the FHA deviates from the VA appraiser panel in that the lending agency can select the appraisal company.
Down payments are often lower with an FHA loan despite using conventional market rates.
Those with lesser incomes or less starting funds to put down on a mortgage are assisted the most from Federal Housing Administration loan programs.