Need an appraisal for an FHA-backed mortgage? Call Rachel AndrusierThe FHA publishes a list of approved appraisers for each state - Rachel Andrusier is on the roster of approved appraisers for FL. This means that we are certified and approved by the FHA to do appraisals for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Rachel Andrusier is well-trained on how to work in accordance with the rules and regulations provided. Be sure to contact Rachel Andrusier if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to cooperate with credit-worthy potential buyers to meet expectations and necessities for lenders that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Those with lesser income or less starting money to use as a down-payment on a financial transaction are helped the most from FHA loan programs. |