Need an appraisal for an FHA-backed mortgage? Call ASAP Appraisal Services, Inc.
The FHA maintains of approved appraisers for each state - ASAP Appraisal Services, Inc. is on the roster of approved appraisers for Az. We are qualified and approved to do appraisals for FHA insured loans. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at ASAP Appraisal Services, Inc. is well-trained on how to follow the rules and regulations provided.
Be sure to contact ASAP Appraisal Services, Inc. if you need an appraisal done for an FHA-secured loan.
An FHA loan is backed by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the loan is taken care of in case the borrower doesn't pay their loan. Applicable to all consumers, FHA loan programs are formed to help credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting capital to put down on a loan are assisted the most from Federal Housing Administration loan programs.