The FHA keeps the rolls of approved appraisers for each state - JD Wallace & Associates, Inc is on the roster of approved appraisers for Florida.
We are qualified and approved to do appraisals for FHA secured loans.
Part of the continuing training our staff at JD Wallace & Associates, Inc completes deals precisely with decoding 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-secured loan, it means it is insured by them.
None of the funds are provided by the FHA. What the FHA does is ensure that the mortgage is paid for in case the borrower doesn't pay their loan.
The FHA and their loan programs are formed to assist low-to-moderate income buyers by easing credit qualifications.
Remember, the FHA deviates from the VA appraiser panel in that the lender can pick the appraiser.
Down payments are often lower with an FHA loan despite using conventional market rates.
FHA loan programs are incredibly useful to those buyers with less available starting capital.
