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 are qualified and approved to do appraisals for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to grasp, 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.
An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The lender takes care of all the money in the loan; the FHA simply backs the transaction with mortgage insurance in case the borrower defaults on his or her loan. Accessible to all consumers, FHA loan programs are made to assist credit-worthy low-income and moderate-income families who do not have the qualifications for conventional loans.
Down payments are often lower with an FHA loan despite using conventional market rates. The loan programs that the Federal Housing Administration offers are acutely beneficial to purchasers with less starting capital.