Island House Appraisals IncRest assured that Island House Appraisals Inc is an FHA-certified appraisal provider in FL. If you have an FHA-mortgage, be sure to hire Island House Appraisals Inc, as we are approved and qualified to perform FHA reports. Part of the periodic training our staff at Island House Appraisals Inc undergoes deals precisely with comprehending the FHA's documentation and their rules and procedures. If you're in need of an report for an FHA loan, please contact us, and we'll be able to help you right away. An FHA loan is backed by the Federal Housing Administration, a federal agency within 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 make sure that the loan is secure in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to aid low-to-moderate income buyers help meet credit expectations 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 offers are exceedingly beneficial to buyers with less starting capital. |