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

The FHA publishes a list of approved appraisers for each state - Performance Appraisals Inc. is on the roster of approved appraisers for FL. This means that we are qualified and approved by the FHA to do appraisal reports for home loans underwritten by them. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

An FHA loan is secured by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the money in the loan is provided by the FHA; what the FHA does is make sure that the mortgage is secure in case the borrower doesn't pay their loan. Low-income and moderate-income homebuyers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lenders 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. The loan programs that the Federal Housing Administration offers are acutely helpful to consumers with less starting capital.