Need an appraisal for an FHA-backed mortgage? Call Nature Coast Home AppraisalsThe FHA keeps a roster of approved appraisers for each state - Nature Coast Home Appraisals 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. FHA's guidelines, documentation and policies may seem difficult to understand, but the staff at Nature Coast Home Appraisals is well-trained on how to comply with the rules and regulations provided. Be sure to contact Nature Coast Home Appraisals if you need an appraisal done for an FHA-secured loan. An FHA loan is secured by the Federal Housing Administration, a federal organization within the U.S. Department of Housing and Urban Development (HUD). The lending organization takes care of all the money in the loan; the FHA simply secures the loan through mortgage insurance in case the borrower defaults on his or her loan. Low-income and moderate-income homebuyers benefit from an FHA-backed financial transaction; the point of the Federal Housing Administration is to aid credit-worthy consumers to meet expectations and qualifications for lending organizations that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. Buyers with lower income or less starting funds to use as a down-payment on a loan are helped the most from Federal Housing Administration loan programs. |