Need an appraisal for an FHA-backed mortgage? Call Avalon Park Inc. Residential Appraisal Division

The FHA retains of approved appraisers for each state - Avalon Park Inc. Residential Appraisal Division is on the roster of approved appraisers for FL. This means that we are certified and approved by the FHA to do reports for property loans backed by them. FHA's guidelines, documentation and policies may seem difficult to grasp, but the staff at Avalon Park Inc. Residential Appraisal Division is well-trained on how to follow the rules and regulations provided.

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 FHA does not loan money to borrowers, rather, it provides lending organizations with safety by offering mortgage insurance in case the borrower does not pay his or her loan obligations. Available to all homebuyers, FHA loan programs are made to aid credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Down payments are often lower with an FHA loan despite using conventional market rates. Those with lower income or less starting money to use as a down-payment on a mortgage benefit the most from Federal Housing Administration loan programs.