is Florida state certified and on the FHA Roster of approved residential appraisers.
Americana Appraisal Services LLC is qualified and approved to do appraisal reports for FHA insured loans.
Part of the continuing training our staff at Americana Appraisal Services LLC completes deals precisely with understanding the FHA's documentation and their rules and procedures.
The FHA is the Federal Housing Administration, which is a federal organization in the United States Department of Housing and Urban Development (HUD); if your loan is an FHA-insured loan, it means it is insured 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 doesn't pay their loan.
Low-income and moderate-income consumers benefit the most from FHA-backed loan programs. The purpose of the Federal Housing Administration is to aid credit-worthy potential buyers get approved for mortgages that they otherwise would not.
Different from the VA appraiser panel, the lending agency working with FHA has the freedom to choose the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.
Purchasers with lower incomes or less starting capital to put down on a loan are assisted the most from FHA loan programs.
