Sun State AppraisalsThe FHA retains of approved appraisers for each state - Sun State Appraisals is on the roster of approved appraisers for FL. We're qualified and approved to do appraisal reports for FHA insured loans. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Sun State Appraisals if you need an appraisal done for an FHA-secured loan. If your house loan is FHA certified, that means that it has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending company takes care of all the money in the loan; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. Available to all consumers, FHA loan programs are designed to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans. Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Consumers with lesser income or less starting funds to put down on a loan are helped the most from Federal Housing Administration loan programs. |