Need an appraisal for an FHA-backed mortgage? Call Peninsula Appraisal ServicesThe FHA maintains of approved appraisers for each state - Peninsula Appraisal Services is on the roster of approved appraisers for FL. This indicates that we are certified and approved by the FHA to do reports for property loans insured by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Peninsula Appraisal Services is well-trained on how to comply with the rules and regulations provided. Be sure to contact Peninsula Appraisal Services if you need an appraisal done for an FHA-secured loan. If your property loan is FHA approved, that means that the loan has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is make sure that the loan is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are designed to benefit low-to-moderate income homebuyers 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. The loan programs that the Federal Housing Administration offers are excessively beneficial to buyers with less starting income. |