Need an appraisal for an FHA-backed mortgage? Call J. Boyles Appraisals, LLC
The FHA publishes a list of approved appraisers for each state - J. Boyles Appraisals, LLC is on the roster of approved appraisers for CT. This means that we are certified and approved by the FHA to do appraisals for house loans underwritten by them. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at J. Boyles Appraisals, LLC is well-trained on how to comply with the rules and regulations provided.
Be sure to contact J. Boyles Appraisals, LLC if you need an appraisal done for an FHA-secured loan.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD) - if your financial transaction is an FHA loan, it means it is secured by them. The lending company provides all the money in the loan; the FHA simply backs the loan through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are formed to benefit low-to-moderate income homebuyers help meet credit expectations if they otherwise would not.
The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are incredibly useful to those homebuyers with less available cash.