Lower Keys Appraisal

The FHA publishes a list of approved appraisers for each state - Lower Keys Appraisal is on the roster of approved appraisers for FL. If you have an FHA-insured loan, be sure to hire Lower Keys Appraisal, as we are approved and qualified to handle FHA reports. A certain amount of the regular training our staff at Lower Keys Appraisal receives deals exclusively with understanding the FHA's documentation and their rules and procedures.

If your house loan is FHA approved, that means that it has been secured by the Federal Housing Administration, which is a branch of the United States Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with protection by offering mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to help credit-worthy consumers to meet expectations and necessities for lending agencies that they otherwise would not.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. FHA loan programs are extremely beneficial to those consumers with less accumulated cash.