Performance Appraisals Inc.We are happy to say that Performance Appraisals Inc. is an FHA-approved appraisal company in FL. Performance Appraisals Inc. is certified and approved to do appraisal reports for FHA secured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents. Contact us today if you need to get an appraisal done on an FHA-insured loan. If your property loan is FHA approved, that means that the loan has been guaranteed by the FHA, which is underneath the United States Department of Housing and Urban Development (HUD). The lending company provides all the loaned money; the FHA simply insures the loan through mortgage insurance in case the borrower does not pay off his or her loan. Low-income and moderate-income borrowers benefit from an FHA-backed financial transaction; the purpose of the Federal Housing Administration is to aid credit-worthy potential buyers to meet expectations and requirements for lending organizations 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. Those with lower income or less starting funds to put down on a financial transaction are helped the most from FHA loan programs. |