Need an appraisal for an FHA-backed mortgage? Call Performance Appraisals Inc.

Performance Appraisals Inc. is FL state certified and on the FHA Roster of approved residential appraisers. This means that we are qualified and approved by the FHA to do appraisals for property loans underwritten by them. A certain amount of the ongoing training our staff at Performance Appraisals Inc. receives deals exclusively with decoding the FHA's documentation and their rules and procedures.

If your loan is FHA approved, that means that it has been secured by the FHA, which is a branch of the United States Department of Housing and Urban Development (HUD). The lender provides all the loaned money; the FHA simply insures the loan by providing mortgage insurance in case the borrower defaults on his or her loan. Accessible to all homebuyers, FHA loan programs are created to assist credit-worthy low-income and moderate-income families who do not meet requirements for conventional loans.

Typically, a buyer has to pay less of a down payment on an FHA-insured loan, while the rates remain standard market rates. Purchasers with lower income or less starting funds to use as a down-payment on a financial transaction benefit the most from FHA loan programs.