Need an appraisal for an FHA-backed mortgage? Call Greater Orlando Appraisal Assoc., Inc.

Greater Orlando Appraisal Assoc., Inc. is FL state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisals for home loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Greater Orlando Appraisal Assoc., Inc. is well-trained on how to work in accordance with the rules and regulations provided.

Be sure to contact Greater Orlando Appraisal Assoc., 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 financial transaction is an FHA loan, it means it is insured by them. The FHA does not loan capital to borrowers, rather, it provides lenders with security through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to cooperate with credit-worthy buyers to meet expectations and qualifications for lenders that 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. FHA loan programs are incredibly useful to those homebuyers with less accumulated funding.