Griffith Real Estate Appraisal ServicesWe confidently state that Griffith Real Estate Appraisal Services is an FHA-certified appraisal practice in FL. This means that we are certified and approved by the FHA to do appraisal reports for home loans backed by them. A certain amount of the continuing training our staff at Griffith Real Estate Appraisal Services completes deals exclusively with comprehending the FHA's documentation and their rules and procedures. Contact us today if you need to get an appraisal done on an FHA-insured loan. 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 financial transaction is an FHA loan, it means it is backed by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are formed to help low-to-moderate income consumers help meet credit qualifications if they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the FHA provides are acutely beneficial to purchasers with less starting income. |