Giles Appraisal Group, IncGiles Appraisal Group, Inc is FL state certified and on the FHA Roster of approved residential appraisers. This indicates that we are certified and approved by the FHA to do appraisal reports for property loans underwritten by them. A certain amount of the continuing training our staff at Giles Appraisal Group, Inc receives deals strictly with decoding the FHA's documentation and their rules and procedures. Be sure to contact Giles Appraisal Group, Inc if you need an appraisal done for an FHA-secured loan. An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not provide funds to borrowers, rather, it provides lenders with protection through mortgage insurance in case the borrower does not pay his or her financial obligations. Low-income and moderate-income homebuyers benefit from an FHA-secured loan; the purpose of the Federal Housing Administration is to assist credit-worthy consumers to meet expectations and requirements for lending agencies that they otherwise would not. 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 financial transaction are helped the most from FHA loan programs. |