ASAP Appraisal Services, Inc. is approved for FHA work
The FHA keeps a roster of approved appraisers for each state - ASAP Appraisal Services, Inc. is on the roster of approved appraisers for Az. If you have an FHA-insured loan, be sure to hire ASAP Appraisal Services, Inc., as we are approved and certified to produce FHA reports. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at ASAP Appraisal Services, Inc. is well-trained on how to comply with the rules and regulations provided.
If you need an report for an FHA loan, please contact us, and we'll be able to help you right away.
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 financial transaction is an FHA-secured loan, it means it is insured by them. No part of the loan is provided by the FHA; what the FHA does is ensure that the mortgage is paid for in case the borrower defaults on his or her loan obligations. The FHA and their loan programs are built to help low-to-moderate income homebuyers help meet credit requirements if they otherwise would not.
Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting money to put down on a loan are helped the most from FHA loan programs.