Need an appraisal for an FHA-backed mortgage? Call Shane GilbertWe are happy to say that Shane Gilbert is an FHA-approved appraisal practice in FL. We're certified and approved to do reports for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Be sure to contact Shane Gilbert if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal organization that is a part of the U.S. Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is secure in case the borrower doesn't pay their loan. Low-income and moderate-income consumers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to help credit-worthy potential buyers to meet expectations and qualifications for lenders that 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 FHA offers are exceedingly useful to buyers with less starting income. |