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. We're qualified and approved to do appraisals for FHA secured financial transactions. 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 follow 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 loan is an FHA loan, it means it is underwritten by them. None of the funds are 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. Accessible to all purchasers, FHA loan programs are formed 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 Federal Housing Administration provides are acutely beneficial to consumers with less starting income.