CSCC Appraisal Services, Inc.Rest assured that CSCC Appraisal Services, Inc. is an FHA-certified appraisal firm in Florida. If you have an FHA-mortgage, be sure to call CSCC Appraisal Services, Inc., as we are approved and qualified to handle FHA reports. A portion of the regular training our staff at CSCC Appraisal Services, Inc. undergoes deals precisely with decoding the FHA's documentation and their rules and procedures.
The FHA is the Federal Housing Administration, which is a federal agency in the United States Department of Housing and Urban Development (HUD); if your financial transaction is an FHA-insured loan, it means it is underwritten by them. The lender takes care of all the money in the loan - the FHA simply secures the loan through mortgage insurance in case the borrower does not pay off his or her loan. The FHA and their loan programs are built to benefit low-to-moderate income buyers by easing credit qualifications. Remember that the lending organization working with the the Federal Housing Administration is authorized to pick which appraisers they will use, different from VA appraisal panel. 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 incomes or less starting money to put down on a financial transaction are helped the most from FHA loan programs. |
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