Need an appraisal for an FHA-backed mortgage? Call J. Boyles Appraisals, LLC
J. Boyles Appraisals, LLC is CT state certified and on the FHA Roster of approved residential appraisers. This indicates that we are qualified and approved by the FHA to do appraisal reports for house loans backed by them. A certain amount of the periodic training our staff at J. Boyles Appraisals, LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures.
Be sure to contact J. Boyles Appraisals, LLC if you need an appraisal done for an FHA-secured loan.
If your property loan is FHA approved, that means that the loan has been guaranteed by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA; what the FHA does is ensure that the loan is secure in case the borrower defaults on his or her loan obligations. Accessible to all purchasers, FHA loan programs are built to assist credit-worthy low-income and moderate-income families who do not have the qualifications 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 FHA provides are incredibly useful to purchasers with less starting capital.