ASAP Appraisal Services, Inc. is your FHA certified appraisal company
ASAP Appraisal Services, Inc. is Az state certified and on the FHA Roster of approved residential appraisers. We're qualified and approved to do appraisals for FHA insured loans. Part of the regular training our staff at ASAP Appraisal Services, Inc. undergoes deals strictly with comprehending the FHA's documentation and their rules and procedures.
Be sure to contact ASAP Appraisal Services, Inc. if you need an appraisal done for an FHA-secured 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 loan is an FHA-secured loan, it means it is insured by them. The FHA does not provide funds to borrowers, rather, it provides lending agencies with security with mortgage insurance in case the borrower defaults on his or her financial obligations. Available to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
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 provides are incredibly helpful to consumers with less starting income.