Need an appraisal for an FHA-backed mortgage? Call Avvisati & AssociatesThe FHA keeps a roster of approved appraisers for each state - Avvisati & Associates is on the roster of approved appraisers for MI. This indicates that we are certified and approved by the FHA to do appraisals for house loans underwritten by them. A portion of the periodic training our staff at Avvisati & Associates completes deals precisely with decoding the FHA's documentation and their rules and procedures. If you need an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is secured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan funds to borrowers, rather, it provides lenders with security with mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements 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 excessively useful to consumers with less starting capital. |