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 indicates that we are qualified and approved by the FHA to do appraisals for house loans insured by them. A certain amount of the regular training our staff at J. Boyles Appraisals, LLC receives deals precisely with decoding the FHA's documentation and their rules and procedures.
If you're in need of an appraisal report for an FHA loan, please contact us, and we'll be able to help you right away.
If your property loan is FHA certified, that means that the loan has been guaranteed by the Federal Housing Administration, which is underneath the United States Department of Housing and Urban Development (HUD). No part of the loan is provided by the FHA; what the FHA does is ensure that the loan is taken care of in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the point of the Federal Housing Administration is to aid credit-worthy buyers to meet expectations and necessities for lending agencies that they otherwise would not.
Down payments are often lower with an FHA loan despite using conventional market rates. Those with lesser income or less starting capital to put down on a loan are assisted the most from Federal Housing Administration loan programs.