Need an appraisal for an FHA-backed mortgage? Call Us
The FHA keeps a roster of approved appraisers for each state - Appraisal Consulting Group, PSC is on the roster of approved appraisers for PR. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. Part of the periodic training our staff at Appraisal Consulting Group, PSC undergoes deals strictly with decoding 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.
If your financial transaction is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender provides all the finances; the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Available to all buyers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely helpful to those purchasers with less available cash.