Need an appraisal for an FHA-backed mortgage? Call J. Boyles Appraisals, LLC
The FHA retains of approved appraisers for each state - J. Boyles Appraisals, LLC is on the roster of approved appraisers for CT. If you have an FHA-secured loan, be sure to call J. Boyles Appraisals, LLC, as we are approved and qualified to produce FHA appraisals. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at J. Boyles Appraisals, LLC is well-trained on how to work in accordance with the rules and regulations provided.
Contact us today if you need to get an appraisal done on an FHA-insured 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. No part of the loan is provided by the FHA; what the FHA does is make sure that the mortgage is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-secured financial transaction; the point of the Federal Housing Administration is to help credit-worthy buyers to meet expectations and qualifications for lenders that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. FHA loan programs are extremely beneficial to those purchasers with less available cash.