is Florida state certified and on the FHA Roster of approved residential appraisers. Valuation Consulting Group is qualified and approved to do reports for FHA secured financial transactions. A certain amount of the continuing training our staff at Valuation Consulting Group completes deals strictly with understanding the FHA's documentation and their rules and procedures.
If your home loan is FHA insured, that means that it has been secured by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). None of the funds are 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. The FHA and their loan programs are formed to benefit low-to-moderate income purchasers by easing credit expectations. Different from the VA appraiser panel, the lending organization working with Federal Housing Administration has the ability to pick the appraiser.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lower incomes or less starting money to put down on a mortgage benefit the most from Federal Housing Administration loan programs.
